Privacy Policy

Privacy Policy Information

1. Accountability

We have developed and implemented policies and procedures for the protection of personal information. We readily make available upon request specific information about our policies and practices relating to the management of personal information.

2. Consent

Unless implied or otherwise inappropriate, we obtain your consent to the collection, use or disclosure of personal information.

3. Individual Access

On request we will inform you, within a reasonable time and at minimal or no cost to you, of the existence, use, and disclosure of your personal information and give you access to that information.

Where any inaccuracy of personal information is found, we promptly amend the information as required.

4. Identifying Purposes

At or before the time personal information is collected, we identify the purposes for which such information is collected. We collect only information which is necessary for the purposes that have been identified.

If we need to use your personal information for a purpose not previously identified by us, we obtain your consent before doing so, unless otherwise required by law.

5. Accuracy

We keep your personal information as accurate, complete, and up-to-date as is necessary for the purposes for which it is to be used, but we do not routinely update personal information, except to the extent necessary to fulfil the purposes for which the information was collected.

6. Limiting Use, Disclosure, and Retention

We do not use or disclose personal information for purposes other than those for which it was collected, except with your consent or as required by law. We retain personal information only as long as necessary to fulfil those purposes or required by law.

7. Safeguards

We protect personal information using security safeguards appropriate to the sensitivity of the information, this includes protection against loss or theft, unauthorized access, disclosure, copying, use, or modification.

8. Openness

Upon request, we will readily make available specific information about our policies and practices relating to the management of personal information.

9. Challenging Compliance

We have procedures in place to receive and respond to complaints or inquiries about our policies and practices relating to the handling of personal information, and on request, will inform you of the relevant complaint procedures.

We investigate all complaints. If a complaint is found to be justified, we take appropriate measures to rectify the matter.

How To Work Out Your Budget

Your Budget

If you have debts, you’ll need to work out if you’ve got enough money to pay off what you owe.

To do this, you will need to work out how much money you’ve got coming into your household and how much you need to spend. This is called your budget. Once you’ve worked out your budget, you’ll be able to see how much you’ve got left over to pay off your debts.

Listing Your Income

The first thing you need to do to work out your budget is list all the income for your household. Be honest and make sure that the amounts are realistic.


The list of your income should include:

  • Wages or salaries for your partner and yourself. Put in your net earnings, that is, after deductions. This should be the amount you regularly receive. If the amounts are different each month, average them over three or six months
  • Pension money you’re receiving
  • Any benefits you’re paid, including Child Benefit and tax credits
  • Maintenance from an ex-partner for you or your children. Include any Child Support from the Child Support Agency
  • Contributions from other members of your family and any lodgers.


Listing Your Expenses

The next thing you need to do to work out your budget is list all your expenses. Be honest and make sure that the amounts are realistic.

expensesUnder expenses, you should include:

  • Include realistic amounts for what you spend on food, toiletries, school dinners and meals at work, cleaning materials, cigarettes, sweets, children’s pocket money and pet food
  • Housing costs. This should include mortgage or rent, a second mortgage or secured loan, buildings and contents insurance, service charges and life or endowment insurance cover attached to your mortgage
  • Gas, electricity and water charges
  • Telephone charges
  • Travel expenses. Include both public transport and the cost of running a car such as road tax, insurance, and maintenance
  • Insurance that is not part of your housing costs (see above)
  • Childcare costs
  • Clothes
  • Any other essential expenses, such as medical and dental expenses or support for an elderly relative
  • Money you should set aside for unexpected events and contingencies. This includes saving for things like the replacement of essential household goods when they break down.


What To Do Next

Once you’ve listed all your income and expenditure, add up the figures and see if you’ve got any money to spare to pay back your creditors.

If you’ve got money to spare, you’ll need to work out how you’re going to pay off your debts. You will also need to:

  • Sort out how much money you owe
  • Work out which debts are the most urgent ones for you to pay off
  • Deal with the most urgent debts as a matter of priority
  • Look at your options for dealing with the less urgent debts
  • Contact your creditors and make arrangements to pay back what you owe.


If you don’t have any spare money to pay off your debts, you’ll have a very hard task at hand dealing with your debt problem. But luckily you can take advantage of some legal options to get you out of this mess. We will be happy to assist you, just like thousands of other consumers that we have helped to get debt free since 2003.

You can take advantage of our debt settlement plan and if you are wondering what am I talking about, call us to get a quick assessment or fill out our online assessment form. You can be just a few clicks away to solve your financial problem and change your life completely!

3 Tips To Help You With Your Debt

This article focuses on 3 very simple tips that are often overlooked, to help you with your debt. Many people are overwhelmed with their debts. There’s no reason for it to be this way and you do not need to suffer with it any longer. Follow these tips:


1. Go With Lower Interest Credit Cards

Your monthly payment is a combination of principal and interest charges. Lower interest means more share towards principal and faster elimination of the debt. Few ways to get a lower rate:

  • Apply for lower interest credit cards, and transfer your current balance.
  • Request your bank/provider to lower the interest rate on your existing credit cards.
  • Look for promotion store cards with low or deferred interest charges.


2. Pay Your Credit Card Debt With Loans Or Lines Of Credit.

Usually, a loan comes with lower interest charges. It can also put in order your monthly budget because of its fixed installment charged once a month. Few ways you can combine and manage your debt:

  • Get a line of credit from your existing bank/ provider and transfer your debt from credit card to the line of credit.
  • Apply for a personal loan or a debt consolidation loan to pay for all the credit cards and stick to the monthly payment of the new loan.


3. Use Your Insurance Policy

Some life insurance policies come with an option to borrow money. Use that money to pay your high interest credit cards or other loans. This amount that you borrow will not charge you any interest but it will be simply deducted from your final estate amount. There is no obligation to the return the money that you got from your policy. So there is no need to pay it back if you don’t want to.

With these three helpful tips hopefully, you can have a better idea to manage your debt. At Credit Management Services, we have always worked for the consumers to help them pay off their debt in an efficient manner.

5 Signs Of Unmanageable Debts

Recognizing the warning signs of financial difficulty is an important step toward recovery. But living in a denial can prevent you from dealing with the debt that needs attention right now and transform it into a bigger problem. Further signs that indicate that you are carrying unmanageable debts may include:

1. Making Minimum Payments Only

This is the most common and overlooked sign. You have credit card and loan owing but you can only manage to come up with the minimum payment. What that means is that you are stuck with the debt for the next 10-15 or even 20 years while paying thousands of dollars in interest charges.strategies-paying-credit-card-bills


2. Relying On Overdraft

You have an overdraft facility on your bank account and you are using it in a way that your account is almost always in negative except for the pay day. In this way you are always paying overdraft fee to the bank and there is something definitely wrong with your budget and your debts.


3. Using Payday Loans

You have resorted to pay day loans for cash. This can be the worst form of loan because of the high interest payment that it comes with. It also means that all your other debt accounts have dried up and now you are running even faster towards financial disaster.Canadian-loans


4. Considering Taking Second Job

You are not able to cope up with your debt payments and thinking of working extra hours just for that. Not only are giving up a precious part of your personal life but also your hard earned money for unmanageable financial problems.


5. Credit Card Debt Is More Than The Limit

There comes a time when your balance is more than the credit limit. That might be due to missed payments or high interest rates. But one thing it surely indicates is that the debt has gone beyond your means to repay.image1343352549



Look for these warning signs of financial trouble, and contact us to seek debt recovery help sooner rather than later. At Credit Management Services, we have legal options to help you get rid of your debts. Our qualified professionals will discuss with you all the options to find out what’s best for you.

Live a debt free life.