What is a DMP?

Are you struggling to pay off your debts every month?

With a Debt Management Plan you may be able to reduce your monthly payments, making them easier to bear.

If your debt problems aren't significant enough to warrant bankruptcy, if you don't have a very high disposable income, or if you expect a change in circumstances in the near future, a Debt Management Plan could be what you're looking for.

How does a Debt management Plan provide debt help?

You simply make one affordable payment every month which is distributed to your creditors.

Because our team of advisors have built up fantastic relationships with many established creditors, we are often able to reduce or freeze interest and other charges - although this cannot be guaranteed.

In addition, your Debt Management Plan is fully flexible and can be altered at any time to suit your changing circumstances. You can even cancel your plan at any time with no penalties.

What are the criteria for a Debt Management Plan?

- Two or more creditors
- More than £5000 of debt
- Minimum disposable income of £100
- Proof of income

How do I start a Debt Management Plan?

Our experienced and friendly team are waiting to hear from you and will be delighted to provide you with advice on all of the options available subject to your particular circumstances.

Speak to a Direct Debt Solutions advisor free on 0800 015 3135 and we'll advise which debt solution would best suit your debt problems or take the Express Debt Test now and find out which solution is best for you.

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