Frequently Asked Questions

What is debt management and how does it help me?
Debt management enables you to consolidate your credit commitments into one affordable monthly payment. This amount is then paid to the debt management company who in turn distribute the payment between your credit companies.
This allows you to manage essential bills such as your mortgage, rent, council tax and other living costs, more easily.

Why will my creditors accept a reduced repayment arrangement?
As a leading financial company, Churchwood Financial can only help people who are genuinely unable to meet their credit commitments. Through dealing with of hundreds of clients every day, we are in a very strong position to agree reduced payments with your creditors. Creditors are not obliged to reduce payments or to freeze interest; these points are negotiable and should not be viewed as a right. Importantly, we use strict guidelines in how we work out a payment, which is both affordable for you and in line with the creditors' expectations.

What about my future credit rating?
Your ability to obtain further credit may be affected. However, since the purpose of the programme is to help clear the debt that you are already having problems handling, this must remain the priority. The programme relies heavily on your payments being made consistently. This will help build a payment history that will allow us to recommend you to lenders we use for mortgages, loans etc.

What happens to my credit rating?
Your credit rating may be affected, however, since you are experiencing some problems maintaining payments, your ability to borrow will already be impaired. Significantly, when you have finished, we will ensure you receive a letter to confirm that all your debts are satisfied. The payment history you build with us is a valuable recommendation later.

Are your services confidential?
Churchwood Financial is licensed under the Data Protection Act and Consumer Credit Act. We appreciate the sensitive, personal nature of the information we hold and pride ourselves in our extensive procedures aimed at safeguarding confidentiality. We even use text messages as a discreet form of contacting you rather than burdening you with more paperwork.

What if my circumstances change?
Your payment to Churchwood Financial is sensitive to any changes in your circumstances. You may request a review of your payment amount at any time.

For free no-obligation help & advice call us on: 0800 131 3419
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Our Commitment to YOU

At Churchwood, we have helped over 80,000 people with a wide range of financial difficulties, and have over £245 million under management (as at March 2008). Our aim is to provide expert advice and a simple way of helping you pay off your debts. What's more, with combined industry experience of over 20 years within our management team, we have the resources and expertise to deliver quality financial services you can trust.

Churchwood Financial provides financial management information and resources for all individuals and businesses on the topic of debt help advice for workers in the United Kingdom. The site includes benefit information, debt facts, online calculators and consumer debt help advice articles. The guidance and/or debt advice contained within this website is subject to the UK regulatory regime and is therefore primarily restricted to consumers based in the UK in need of debt management advice. This site and all contents are copyright (c) 2003 - 2007 Church Wood Financial. Our number is NOT to be used for marketing purposes.