Debt MaNAGEMENT pLANS (dmpS) | Debt Help | Debt Advice
What is a Debt Management Plan?
A Debt Management Plan (also known as a DMP) is an informal arrangement between you and your creditors that enables you to repay your debts at a rate you can afford.
We will manage your DMP relieving any stress by dealing with your creditors on your behalf.
Pros and Cons of a Debt Management Plan
| Advantages | Disadvantages |
| ~ We deal with your creditors | ~ It isn't a legally binding contract |
| ~ We negotiate with your creditors | ~ It can continue for a long time. i.e. If your income is low, your repayments are low and drawn out |
| ~ One affordable monthly payment | |
| ~ Better management of your finances | |
| ~ Only pay what you can afford to pay | |
| ~ Confidential | |
| ~ Sometimes we can get your interest frozen |
Do I qualify for a Debt Management Plan?
The best way to see if you qualify for a Debt Management Plan, or any of our other solutions, is to speak to one of our friendly financial experts. All advice is free and we will help you achieve your best possible solution. We strive to help you no matter what your situation.
To find out more contact us now or fill out the form on this page.
*Any advice and help is totally free and confidential