Debt Management Plans
Affordable
With a Debt Management Plan (DMP) you can consolidate your unsecured debt in to one affordable monthly payment.
Flexible
A DMP is an informal, flexible and confidential plan tailored to suit your needs.
Frozen Interest
We negotiate to freeze interest and any additional charges where possible.
DMP Benefits
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Make one affordable monthly payment rather than several payments to your creditors.
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We negotiate reduced payment plans with your creditors and distribute your payments to them on your behalf.
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We negotiate where possible to freeze or reduce interest to repay the debt in the quickest time possible.
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You will have one point of contact. We will deal with any queries on your behalf, keeping contact from creditors to an absolute minimum.
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The plan is flexible to meet your needs. If your circumstances change for any reason the plan can be adjusted to suit your new situation..
DMP Considerations
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If you do not complete your plan your debt will not be cleared.
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Secured debts such as mortgages cannot be included in the plan.
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A Debt Management Plan will have an adverse effect on your credit rating.
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In the vast majority of cases, creditors agree to the plan and freeze or reduce interest. However, they are not obligated to do so and could still contact you.
Interested in a Debt Management Plan?
Contact us to arrange your confidential, no-obligation Debt Advice Consultation with a friendly and professional adviser.