After posting a debt management review on an US company, we have decided to do another review on an UK Debt Help Management company, TheThriftyScot. TheThriftyScot offers various debt consolidation programmes that can help people to reduce their debt significantly.

According to their website site, their debt management program can help client to create a monthly payment plan that will split the payment beween all debts. In addition, their company will handle all contracts between clients and creditors and they will readjust the payment accordly to the debtor’s circumstances like how much the client can realistically afford. Also, their will not be any late payment fees because all transactions will go through the debt management programme, and they may be able to adjust or stop any interest on your debts. This solution is ideal for those with less than £15,000 of debts.

Those with debts over £15,000 can apply for the Debt IVA. The Debt IVA is a common legal route “in UK” for anyone to repay back their debts on a monthly basis based on how much that the debtor can pay. The IVA will provide protection for the client from being hassled by any debt company and their will not be any extra fees added to the client’s debt. Also, no debt collection agency can take legal action against the client as long as he maintain his repayments. An IVA is not the same as bankruptcy. The client will still be able to get a bank account and run a business.