Debt Relief Services

Debt Management

At Birungi Finance Solutions Limited, we have a Debt Management Plan (DMP) intended to suit our clients’ demands. This arrangement helps borrowers in the event were their loans are non-performing or in default.

Our DMP offers you:

• - A better loan repayment plan in times of non-performance or default.
• - Reclaiming your property offered in respect to the loan granted to you by the bank.
• - A better way to avoid debt collection calls.
• - Helps you retain income for personal use.

How Our DMP Works.

1. We review your finances, covering your rent income. This must include all income generated from the offered property/s which we take in to consideration when negotiating for modified/reduced payment terms with your creditor/s.

2. In consultation with you, we produce a DMP by which you can pay off your creditors out of your disposable income at rates you can afford. The DMP will enable us on your behalf to make monthly payments to your creditors and also cater for our debt management fees.

3. BFSL works with your creditors and attempt to agree repayment terms for the amounts outstanding. In so doing, we use the DMP to ensure that the periodic payments that we agree with your creditors on your behalf do not exceed your disposable income.

4. We then attempt to agree with your creditors where appropriate, to freeze or reduce their interest charges and also suspend or withdraw enforcement proceedings issued in connection with your credit facility agreement/s .In this case, we will assist in completion of all relevant paperwork as required.

Benefits of Our Debt Management Plan!

• - No need of offering your property as security.
• - Reduced stress.
• - Alternative to bankruptcy.
• - No more calls from Debt collection Agencies.
• - Well regulated Monthly Payments to your creditor/s.