A debt management plan, or DMP, is for those who have some money left over at the end of each month, but not enough to pay all their debts.
A third party will normally arrange a debt management plan for you – this could be a charity like us, or a debt management company. The organisation arranging your DMP will draw up a proposal for your creditors, which asks them to accept reduced payments. They will also ask for interest and any charges to be stopped.
How can we help?
Unlike fee-charging debt management companies, our services are completely free and we don't charge you for arranging and managing your debt management plan. That means everything you pay will go towards reducing your debts.
The key to the success of any debt management plan is that you only pay what you can afford and, as your situation improves, you pay the debt off as soon as you can.
If we arrange a DMP for you we will make sure you have a reasonable amount of money to live on, so that you can keep up with all your household bills, while clearing your debts as quickly as possible.