l have a loan with my bank which is almost payed off, can l leave this out of the plan so that l dont have to bother changing bank accounts? it just seems like a lot of hassle changing everything over to a new bank account.

Dont do Debt Management, talk to your local CAB and they will help you for free.

No you do not have to include all debts, debt managment plans are not that good as they take a fee from you.

Yea you have to include all debts to work out your income and expenditure, it is no hassle to swap bank accounts nowadays they do everything for you. do not go to a company who charges to sort out a DMP, try a compant like pay plan who charge nothing as all their costs are covered by donations from the banks so that thye can run the service

Do not go into any plan your local citizens advice bureau will give you all the help you want and it wont cost you a penny.

you are supposed to include all creditors. Phone either CCCS or payplan for advise. These are free debt advice companies. They do not charge for their services

good luck.

do not worry there are online sites which solves your debt problem by getting you enrolled in online program and the entire process can be handled from the comfort and convenience of your home or office.you can always speak with one of helpful account specialists who are standing by to assist you with any questions that you may have. thanks.

Please do not consolidate or do ''debt management'' It is not free, they will lower ur payments by increasing the length of time until u r debt free, & u will take a hit on ur credit score. There is a better way.

A. Have a garage sale & sell anything that u no longer need or want.
B.Get a temporary part time job, if u have one, get another. The holidays r coming & there will be plenty of temporary jobs available. It is better to have a no fun year or two than a no fun decade.
C.Do NOT get a home equity loan. Taking on more debt will not get u Out of debt.

Here is a plan that can help you. If u work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before u get paid. A budget is not a punishment! It is a tool which will free u from ever having to worry about money again. Put everything in ur budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar u r going to bring home the name of where it is going. Add an ''emergency fund'' category to ur budget for 25 dollars & save up until u have 1000-1250 dollars. Your emergency fund will help keep u from getting into new debt because of an emergency. If u can, set up a direct transfer to a savings account for ur emergency fund. That way it moves automatically & u do not even have to worry about it. You must cut ur spending & live on less than u make.

2.First get current on all of u debts & make no more late payments. Stop using ur credit cards immediately. Do not take on any more debt. Credit cards r like quicksand only the death is much slower. Make a list of all of ur debts in order of highest interest rate to lowest interest. Use cash only for ur spending from now on.

3.Pay the minimum due on all of ur debts & then put ur extra money towards paying off the highest interest one first. After u get that one paid off, u put the money u were paying on debt #1 (the minimum payment & the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, u put all three payments towards card #3 & that one will be paid off pretty quickly. As an example:

To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment

Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment

Debt #1: paid off
Debt #2: paid off
Debt #3:Mimimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.

That way, u will get them all paid off, on time, & pay the least interest. It will also help towards rebuilding ur credit since u will no longer have any late payments. This works no matter how many different debts u may have.

4. After u get all of ur debts paid off, add to ur emergency fund until u have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if u need the money u can take it out without penalty.

5a. When u have ur emergency fund in place, add a category for ''fun'' to ur budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal u want. Remember to enjoy ur life.

5b. When u have ur emergency fund in place, start saving for ur retirement. Join the 401(k) plan at work & contribute the maximum. Your employer probably matches at least part of ur contribution so why give up free money? Open a Roth IRA & contribute the maximum on a monthly basis. If u start saving for ur retirement now, u will probably retire a millionaire.

5c. When u have ur emergency fund in place, start saving for ur next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way u get the interest instead of paying the interest.

You can do it & it is not as hard as u think. Just follow the plan.