Debt management

1
DEBT MANAGEMENT
2

• There are more ways of solving your debt
  problems than just another loan.

3

• Loans are often not the 'right' solution for
  people experiencing financial difficulty, and
  Debt Management can offer many of the benefits of
  a loan but without some of the less desirable
  elements, such as compounded interest (interest
  on interest).

4

• A Debt Management Plan with Gemstone will
  provide you with the benefit of one single
  monthly payment for all of your unsecured debts.

5

• Due to a DMP being at a level that the customer
  can afford, it will usually result in a
  lengthening of the repayment period and possibly
  increase the total sum to be repaid.

6

• You should also note that any delay in payments
  to creditors, such as when paying our Plan setup
  fee can result in your accounts going further
  into arrears.

7

• For customers who pay into their Debt Management
  Plan regularly, we have a good record of gaining
  concessions from creditors such as suspension or
  reduction of interest.

8

• and relief from further charges, though
  creditors are under no obligation to do this and
  may impose further charges.

9

• Should your DMP run for longer than originally
  projected, for instance due to debt levels being
  higher than expected or a change in your
  circumstances, you will of course incur further
  monthly DMP fees.

10

• At Gemstone, we employ credit professionals and
  trained advisers whose aim is to help you become
  debt free.

11

• All Debt Management Plan customers will have a
  personal Account Manager who will handle their
  case for them.
• For more Information visit http//www.gemstonef
  inancial.co.uk/

12
THANKS