iDebtPlan – Tenants Case Study

Many of our tenants here at Adelphi Mill have diverse and interesting backgrounds, as well as representing a wide range of industries. iDebtPlan are the latest of our tenants that we are pleased to feature, with an offering that is certainly a great addition to our facility.

Who are they?

iDebtPlan is set up to be an impartial site helping people deal with their debts. Rather than being owned by a bank or a moneylender, who have a vested interest in your debts, they give advice from an outsider’s perspective and do not have any ties to the organisations that you owe.

They are an introductory agency who will connect you with a debt management team to ensure that you can regain control of your finances. While it may all sound like jargon, it’s easiest to think of them like this: they ask you what your debts are, look for the best way to deal with them, and then hand you over to someone who can help you do so professionally.

What do they do?

They help to give you advice and then can lead you in taking the next necessary steps as well. This may mean taking up an Individual Voluntary Arrangement, known as an IVA, or a Debt Management Plan – DMP. If you want to go ahead with either of these, the advisors will help you to manage your debt for a small fee.

This can be hugely beneficial, particularly if the plan they come up with helps you to save more money in interest and fees than it costs to set up! The plans are run by their debt management partners, who will take over your case when you are ready to go ahead.

The advice that you get in the first place is free, so there is no reason not to get in touch and see what they could do for you if you are struggling with debts.

Of course, as with any financial undertaking, everything is done at your own risk so it is advised to read everything over carefully and make sure that you understand the proposed plans.

So, there we have it – certainly an interesting tenant, and very different to most of the other businesses which are based within Adelphi Mill! If you want to get in touch with them, you can easily do so via their website.

 

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