Summary of debt management plans

Debt management plans at a glance

Debt management plans (DMPs) are for people who can't afford to make the full monthly payments on their debts.
A debt management plan won't write off your debts but it will allow you to make reduced monthly payments until they are cleared.
A debt management plan is not legally binding and you can cancel it at any point.
You may still be contacted by your creditors if you use a third party to arrange a debt management plan like ourselves.
You make one monthly payment to the third party and they divide the money between your creditors, making your finances easier to manage.
Profit-making debt management companies usually add fees to your monthly total which adds to your outgoings. This means it will take you longer to pay off your debts.
As a charity we can arrange and manage DMPs completely free of charge, meaning all the money you pay goes towards paying your debts.

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