Resolve Management Plan

RESOLVE Management plan is a method used in the UK for paying personal debts. The Resolve Management Plan (RMP) is a method in which it is able to assist the UK population in clearing their debts in a way where the debt can be written off or dramatically reduced without needing an IVA. This due to the client not being able to afford to pay the debt back in full. The whole process can take up to 12 months in some instances settlement as early as 3 months.

Resolve management plan is similar in functionality as a debt management plan as far as your income and expenditure details produces what knows as your Disposable Income, your (DI) is then offered as way of payment to the resolve plan to save up to pay creditors fees for the debt reduction.

Does it work?

There is an irresponsible lending argument which has worked in court with little detection for many years. Law firms and the barristers are able to take advantage of the current situation and use the irresponsible lending arguments amongst other legal battles, in connection with the litigation and taking advantage that creditors are more likely to settle to avoid expensive legal cost and long drawn out legal battles. They will attempt to reduce your total debt via this method by instructing a team of barristers to complete the task of reducing the debt.

The barrister’s first examine the signed/unsigned contract, depending on what is provided by the creditor and prepare a report. This report will state how and why the contract should be deemed unenforceable in the eyes of the law. The barrister will send the report to the creditor (this will not be ignored.) with a statement requesting the following:

a) Agree that the contract is unenforceable and that the debt now can be written off. Or face legal action.

OR

b) Agree to compromise in order for all sides to avoid a long drawn out legal process and remind the creditor that eventually they will sell the debt on for 8-12%, resulting in a great loss to the creditor. The creditor will be asked to settle by reducing the total debt by 70% meaning that the debtor only has to pay 30%.

Currently this Method Has A 100% Success Rate.

Plan Fees

The cost to write or reduce the debt is taken from the monthly payments the cleint makes whilst on the plan. There are no lump sum fees unlike other products on the market.

Difference between the Resolve Plan & Debt Consolidation

Debt consolidation is nothing but borrowing a large lump sum to pay off existing creditors and be left with one creditor and one monthly repayment. The whole idea being that, the repayments on the single larger loan is lower than the sum of all the repayments currently being paid. If a person is looking to simplify things, wants to cut down the interest rate and can easily afford monthly repayments debt consolidation works quite well for them.

If a person struggles to make payment on time to different creditors, the outgoings exceed their income and they want to freeze the interest rates then; resolve management really works for them. The Resolve Management plan will reduce their debt and allow them to become debt free. It will consolidate all their repayments into one simple affordable monthly payment and it does not involve taking out another loan.