Debt Management Plan
A Debt Management Plan, or DMP, is an informal agreement between you and your unsecured creditors to pay back non-priority debts, reducing your monthly payments to a single affordable amount each month. There are both fee-paying and free-fee debt management plans available.
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Check if you Qualify
Simply complete the form to see if you qualify for any of the available debt solutions.
Consultation
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You Decide
They will explain all your options, so that you can decide which solution works best for you!
What Options Are Out Here?
What is a DMP – Debt Management Plan?
A Debt Management Plan, or DMP, is an informal agreement between you and your unsecured creditors to pay back non-priority debts, reducing your monthly payments to a single affordable amount each month.
There are both fee-paying and free-fee debt management plans available.
If you have a higher amount of debt a DMP may not be the right solution for you, as it could take you a lot longer to pay back your debts.
A DMP could be a good debt solution for you if you have some money left over each month after paying for food, accommodation and utility bills. The DMP provider will work with you to see what level you can afford to pay and this will be divided among the creditors that you owe money to.
Please be aware that lenders are not obliged to accept less than contractual, payments or to freeze interest and charges. This may result in an increase in the total, amount repayable and may affect your credit rating