The idea was born from an understanding of the needs of people struggling with debt and the problems they and their creditors have when resolving debt issues. iMoneyManager was developed to automate the initial process of taking control so both parties would find it easier to move forward.
Using technology to handle the initial process of taking control of a debt situation, hands responsibility back to consumer, eases the burden on the money advice sector, makes it easier for sustainable repayment plans to be set up, and reduces the number of unnecessary insolvencies.
The iMoneyManager software is free to distribute, too. Our goal is to give as many people as possible access to a tool that enables them to self-manage their debts. We've even worked out a way to financially incentivise distributors.