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Debt Consolidation & Management Plans

A full list of what you owe, free advice booked, the right route chosen between a consolidation loan, creditor arrangements or a debt management plan, and the monthly checks that carry it to the final payment.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Then open the Marketplace in the app, search for Debt Consolidation & Management Plans, and click Install. It goes into your own files, and works offline from then on.

Before you start: this plan is general information to help you organise your own money decisions. It is not financial, investment, tax or legal advice. Check decisions that matter with a qualified, licensed adviser in your country, and remember that investing and trading can lose money.

What it installs.

1

Pillar

1

Area

50

Projects

204

Starter tasks

💷 Personal Finance

Debt Consolidation & Management Plans

Combining debts, negotiating with creditors or entering a debt management plan with free debt advice services.

  1. Complete list of debts and creditors
  2. Priority and non-priority debt sorting
  3. Debt paperwork folder
  4. Household income and expenditure statement
  5. Realistic monthly amount for unsecured creditors
  6. Pause on new credit applications
  7. Holding letters to creditors while you get advice
  8. First free debt advice appointment
  9. Choosing your debt route with the adviser
  10. Monthly debt plan payment confirmation
  11. Creditor contact log
  12. Interest and charges freeze check
  13. Consolidation loan balance log
  14. Monthly spending check against the agreed budget
  15. Irregular costs pot inside the debt budget
  16. Change of circumstances reporting routine
  17. Credit file check for arrangement markers
  18. Sold debts and new collector tracking
  19. Annual debt plan review
  20. How debt management plans work
  21. What a consolidation loan really costs
  22. Reading arrears letters and default notices
  23. What debt collectors can and cannot do
  24. Creditor phone call script and practice
  25. Spotting fee-charging firms and lookalike advice sites
  26. Asking a creditor to prove an old debt
  27. Consolidation loan shortlist using soft searches
  28. Total cost test for consolidating
  29. Secured consolidation against your home
  30. Choosing a debt management plan provider
  31. Self-arranged reduced payment offers
  32. Interest and charges freeze request
  33. Full and final settlement offer to one creditor
  34. Closing the accounts a consolidation loan cleared
  35. Going back to the adviser when the plan stalls
  36. Debt management plan first month set-up
  37. Consolidation loan payout day
  38. Responding to a court claim form in time
  39. Final payment and closing letters
  40. Redirecting the old debt payment after the plan ends
  41. Couple's plan for joint and separate debts
  42. Debt plan on self-employed income
  43. Unsecured debts on a pension income
  44. Debt plan with children's costs built in
  45. Health evidence for creditors
  46. Helping a family member set up a debt plan
  47. Pro-rata payment schedule for a self-managed plan
  48. Group settlement after a lump sum
  49. Unaffordable lending complaints
  50. Ombudsman complaint about creditor treatment

Where it starts.

Each project arrives with its purpose, milestones and first tasks written out. Here is how the first three read.

Complete list of debts and creditors

Advisers, lenders and debt management providers all start with the same question: exactly who do you owe, how much, and what are you paying now? A single dated list covering every loan, card, overdraft, catalogue account, buy now pay later plan, arrears and money owed to family answers it once and saves hours at every later step.

First tasks

  • Write down every creditor you can think of from memory in ten minutes
  • Check bank statements from the last three months for payments to lenders
  • Log in to each account and copy the balance, rate and monthly payment
  • Add arrears, collection agency names and account references to the list
  • Total the balances and the current monthly payments

Priority and non-priority debt sorting

Not all debts carry the same risk. Missing rent, mortgage, energy, local or council tax, tax owed to the government, court fines or child maintenance can lead to eviction, disconnection or enforcement, while missing a card or personal loan payment mostly damages your credit file and adds charges.

First tasks

  • Mark each debt where missed payments could cost your home, energy or liberty
  • Note the arrears and latest letter date for every priority debt
  • Ask the adviser to confirm the priority list at your first appointment
  • Move priority payments to the top of your monthly budget

Debt paperwork folder

When a creditor disputes a balance or a collector writes about a debt you do not recognise, the person with the paperwork wins the argument. One folder, paper or digital, holding each credit agreement, the latest statement, every default notice and every letter about arrangements means you can answer any question from an adviser or creditor within minutes.

First tasks

  • Create one folder section for each creditor on your list
  • File the latest statement and any agreement you hold for each debt
  • Gather loose letters from drawers and file them by date
  • Request copies of missing statements from each creditor

Make it yours.

Install Debt Consolidation & Management Plans, then tell Aurum the date you're aiming for. It checks whether the plan fits the weeks you actually have.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Blueprints are general information to help you organise your own work. They are not medical, financial, legal or other professional advice. See the Terms.