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Debt Management

Struggling with your monthly repayments? Unsecured credit commitments? Being turned down for a loan? Take a look at a Debt Management Plan.

Introducing Debt Management Plans

A Debt management program can help reduce your debts into one affordable monthly repayment. Once an affordable payment has been worked out for yourself, your creditors are contacted on your behalf and are asked to accept an often reduced payment. Campbell Wallace Fraser Ltd will also request that interest and charges are frozen. They then distribute payments to your creditors on a pro-rate basis. All you have to worry about then is making one monthly payment. This is a very popular plan due to it being informal. There are no contracts involved so you are not obliged to stay on the plan for any fixed term. You can also change your payments depending on your circumstances.

Sounds Great but wait a minute .... Debt Management can have a negative effect on your credit rating. Also creditors are not obliged to agree to a Debt Management Plan nor freeze interest and charges. If creditors fail to freeze your interest and charges then the total sum payable to your creditors is likely to increase.

You are also likely to find that reducing your payments can often result in the repayment period being extended. An advisor shall give you an estimation on how long it should take you to complete the debt management plan provided you maintain your monthly payments to the plan. Failure to keep up your payments may result in your creditors breaking off any agreement setup with the plan. If you do find you are beginning to struggle with your monthly payments whilst on a debt management plan then we highly advise you contact you debt management company immediately as they might be able to assist you or inform your creditors that you are currently struggling..

Do you qualify for a Debt Management Plan?

See if you Qualify


Repay only what you can afford each month

Calls from angry creditors will gradually reduce as your plan takes effect

Make one payment each month

We handle all communication with your creditors

We also negotiate to reduce repayments and freeze interest and charges on your behalf

No hidden costs. All fees are clearly explained by your advisor at Kensington Finance

All administration charges are covered in your monthly payments

All unsecured debt included in the plan will be paid upon successful completion of the plan


As with most cost saving plans there may be some disadvantages as below:

Variable repayments


Sometimes the total sum of debt to be repaid can increase and the total repayment period usually takes longer.



Your creditors are not obliged to accept offers made for a debt management program.

Our fees


Our partner company Kensington Finance will charge a setup fee and monthly management fee as detailed in our fees page. The fee to cover the setup of your plan is spread over your first 6 monthly payments. You will there after be charged a monthly management fee.

No payments


Failure to maintain payments on a debt management program may result in your creditors breaking off arrangements that were initially made at the start of your debt management program .