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Independent Debt Management

Independent Debt Management is a debt solutions company that helps individuals and businesses find a customized solution to their debt problems. They can help clients deal with everything from missed credit card payments to repossessions and loans. They provide nationwide services and can help both tenants and homeowners alike. Their website is www.independentdebtmanagement.com.

IDM's clients are first advised on all possible options available to them and information relating to the penalties associated with nonpayment under the Consumer Credit Act of 1974. IDM firmly believes that only when the client is knowledgeable about their own situation and options can the best solution be found.

The company can be contacted via their toll free number or through the online form located on the company's website. After the initial contact, the company assigns a personal debt advisor to do an in-depth evaluation of your situation and finances. This can be done over the phone or in the comfort of your own home. During the consultation, you will be advised on how to achieve the maximum from your current income, the consequences of taking no action and how to best solve your problems.

IDM's website provides detailed information regarding all of their services which are:

Debt management plan
IVA
Bankruptcy
Business debts

Navigation through the website can be inconvenient at times as links to subpages can only be found by going through each individual page. There is no main menu where sub pages can be accessed directly. Additional resources such as blogs, forums or calculators are not provided either.

IDM's debt management services work towards reducing the minimum monthly payment of your debt to a level which is affordable. They also work with your creditors to reduce or freeze interest rates. Since debt management agreements are informal IDM can work with you to alter them if your circumstances change for the better or worse.

IDM also helps customers with the Individual Voluntary Arrangement process which is similar to bankruptcy but with additional benefits such as protection of assets. The website explains the various steps in the process that individuals would have to go through. Alternately, if bankruptcy is the only option available IDM can help you undertake all the necessary steps.

For businesses that are burdened with debt and face insolvency or shutdown IDM offers a range of services specifically designed to help corporations in financial hardship. They will analyze your company's budgets and help make recommendations that can minimize costs and increase income. They can also:

Negotiate more favorable payment terms with creditors and suppliers
Prioritize debt to ensure those with most devastating non-payment consequences are paid off first

Their website features a list of recent successes they have had with clients such as:

Negotiate with HM Revenue and Customs to accept a monthly payment of 200 pounds for a debt of 25,000 pounds
Successfully got a creditor with a walk in possession order to accept a monthly payment of 64 pounds on a debt of 2,500 pounds

Working with a network or partners and associates, IDM can also offer various loan services such as:

Secured and unsecured loans
Bridging finance
Residential mortgage
Commercial mortgage

For customers aged 55 and above IDM offer Equity Release programs which are a lifetime mortgage on your residence. The loan is settled upon death of the individual and is a favorable option for people who do not want to leave behind a large estate or want to avoid costly inheritance fees.

A unique service offered by IDM is their Home Rescue, which is perfect for people who are looking for a way to quickly and effectively sell their homes. Customers are typically offered 75% of the value of their home. The advantage is that no broker fees are incurred, time is not wasted waiting for the right offer and you do not have to make home information packs. The process can be completed within a week.

All decisions regarding debt service companies and procuring their services need to be based on personal research and evaluation. This review is for informative purposes only.

By offering a comprehensive range of debt solutions Independent Debt Management are capable of helping clients regardless of their situation. Their ability to provide lending services provides an option not available at all debt services companies.

For more information on Debt Consolidation companys, go to Debt Consolidation.

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