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Tamar Finance Ltd

Tamar Finance offers services to help the over 2.5 million people struggling with debt in the UK. They offer debt management services which can help customers gain control over their payments and really start to reduce their debt. Their website is www.debtmanagementplymouth.co.uk.

Founded in 2005 Tamar is located in Plymouth and provides its services to customers across the nation. Tamar can assist you with your debt even if you do not own any property and are not employed full time.

As with most debt management services, Tamar will only work with your unsecured loans such as credit cards and personal loans. When customers call the helpline, they are given a free review of their financial situation and ethical debt advice. Along with debt management services, they can also assist you on matters regarding bankruptcy, individual voluntary arrangements and trust deeds.

Once you start to work with Tamar, you will be assigned a highly trained account manager. The account manager will be your point of contact and eliminates being transferred around from department to department looking for answers. The account manager will work with you to draw up a complete picture of your financial situation. A minimum monthly amount and payment schedule will be decided in accordance with your means to pay. Based on this, a proposal is drafted on your behalf and submitted to your creditors. Once the proposal is accepted by your creditors, you stop making them direct payments. Instead you pay Tamar which allocates the payments according to the payment plan.

It is important to note that in the short and medium term your credit will be negatively impacted by a debt management plan. Upon completion, it will start to rise. As debt management plans are informal agreements it is possible to change them or even chose an alternate solution if circumstances change. Advantages of a debt agreement are:

Single affordable monthly payment
No more calls from creditors as they deal with Tamar instead
Lower interest rates (interest rates might be frozen but that is not guaranteed)
Being debt free upon completion of your agreement

A crucial factor is that Tamar does not arrange for another loan to consolidate your debts. It simply makes an agreement with your creditors. This is beneficial to people who are undisciplined in their spending habits, as they are never given the chance to fall further into debt.

Fees charged from this program depend on various factors and change from case to case. The fees will be discussed with you before being decided. All client data is protected under the Data Protection ACT and Consumer Credit Act.

The company's website is very simple and basic. Just a few images are used and there are only a handful of links. That being said the content provided is concise and helpful and creates a clear picture of what to expect from Tamar Finance.

Although they do not provide any customer testimonials, reviews listed on sites such as freeindex.co.uk sing praises about their personalized solutions and exceptional customer service.

As with any other decision, an individual should do all the required research and inquiries personally. Reviews are only provided for information purposes and not referrals. Individuals should choose the company they feel is best suited to their needs

Tamar Finance's concentration on debt management plans allows them to focus their skills and deliver results. The limited scope of services however does mean they might not be able to help everyone.

For more information on Debt Consolidation companys, go to Debt Consolidation.

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