

|
|||
“We are extremely satisfied with the level of service and professionalism combined with a friendly attitude of all the staff we spoke to, and would like to thank everyone at Harrington Brooks very much.”
Mr and Mrs B, Liverpool
“We were really pleased with the efficient way that Harrington Brooks handled our enquiry and by the speed in which our mortgage was finalised.”
Mr and Mrs S, Birmingham
“I found the staff at Harrington Brooks were all very polite, helpful and understanding. I couldn’t fault the level of service we received from start to finish.”
Mr J, Warrington
|
||||||

1. How much will I have to pay each month?
The amount you pay is based on your financial circumstances. Harrington Brooks are here to help you come to an understanding with your creditors, letting you make just one affordable payment each month.
2. How long is the repayment period?
The plan lasts until you have repaid all of your debt, or until your circumstances make you eligible for an alternative solution.
3. How do I know my debts are being repaid?
Harrington Brooks provide you with an initial statement, outlining all of your payments to all your creditors. After this you'll be provided with a link to our client portal, detailing all of your payments and the distributions made to your creditors.
4. Is a debt management plan just another loan?
No, a Debt Management Plan is not a loan. Instead, it's a means of consolidating your outstanding unsecured debts into one affordable monthly payment, without the need for any further borrowing.
5. What if I can't keep up with repayments?
The aim of a debt management plan is to ensure that you are making repayments at a level that you can afford. If you are already on a debt management plan with Harrington Brooks but your circumstances have changed and therefore you can no longer afford the monthly repayments, please get in touch with we could be able to alter the amount that you need to repay to your creditors.
6. Can I include all of my creditors in the debt management plan?
A Debt Management Plan includes all of your unsecured creditors. However, priority debts with significant penalties, like having your home repossessed, may not be incorporated into a Debt Management Plan.
7. Will it damage my credit rating?
Deciding upon a Debt Management means your current credit agreement terms will be broken. This does have an unfavourable effect on your credit rating. However, if you have been unable to keep up on repayments to your unsecured debt it is likely that your credit rating will already be damaged.
8. Will Harrington Brooks check my credit history?
No credit checks are required because we'll not be lending you any money. We just help you to manage your current debt.
9. Are my creditors going to accept this plan?
Your creditors have to accept any payments that we make on your behalf. What we cannot guarantee is whether your creditors will be keen to accept your Debt Management Plan. This has a large bearing on their freezing of interest and charges.
10. Will it take longer to pay my debts off?
You'll be paying a more affordable amount each month, so the debt will take longer to pay off.
11. Can I set up a Debt Management Plan if I have CCJ's?
If you have a County Court Judgement you are still applicable for a Debt Management Plan.
12. Does it matter if I'm a homeowner or tenant, unemployed or working part time?
Debt management Plans are suitable for both homeowners and tenants.
13. What happens if my circumstances change?
Get in touch with us immediately. We'll review your arrangement and will work with you to discuss alternatives.
14. Can a Debt Management Plan pay off my debts?
Yes. A Harrington Brooks debt management plan consolidates your outstanding debts, letting you make affordable monthly repayments until the debt is paid off.
15. Can I keep it private?
Harrington Brooks will not disclose any personal information regarding your Debt Management Plan. So, if you don't want people to know that you have a Debt Management Plan, they won't.