Affordable - only pay
what you can afford.
budgeting - just one monthly payment to
Reduce stress - we deal
with your creditors for you.
interest - we will negotiate with your creditors
to try and achieve this.
- your DMP can be changed if your circumstances
What is Debt Management?
Debt Management Plans (DMP) are
an informal method of dealing with debt problems.
A DMP is based on you offering a monthly amount
that is affordable to you. In return, your creditors
will usually agree to freeze or reduce interest.
As you are making lower repayments a DMP will
obviously extend the length of time it takes
to repay your debts.
Will my creditors agree?
Many of your creditors will welcome
a DMP as this method provides them with the
greatest possibility of recovering all of their
money, unlike an IVA
How will I know if a DMP is
right for me?
Before we suggest a DMP we will
talk through all of the options open to you
to resolve your debt problems, as there may
be a more suitable option for you. We will also
explain the pros and cons of each option and
answer any questions you may have. More
We can advise on whether a DMP
is the right solution for you.