Apply For A Debt Management Plan - See If You Are Eligible Now

Chance To Breathe

& More Time To Pay

Have your debts managed for you and get more time to repay with a Debt Management Plan (DMP).

Regain Financial Control With A DMP

If you are left with very little money each month once debts such as rent and utilities are paid, and struggle to keep up with repayments on debts such as credit cards and personal loans, a DMP could be the answer to your debt problems.

Your questions answered...

Learn the pros and cons of a DMP, eligibility and whether it suits your needs.

Provide a few details to receive a free call back from an experienced advisor within 30 minutes*. The call is confidential with no obligation.

Would a DMP be suitable for you?

A Debt Management Plan (DMP) is an informal debt solution designed to help people by giving them more time to repay their debts and protection from their creditors.

There is no minimum or maximum level of debt to be eligible for a DMP.
We will liaise with your creditors on your behalf.
Your creditors will deal directly with us, and leave you alone.
Consolidate eligible debts into a single monthly repayment.
Make monthly repayments that you can afford until the debts are repaid.
All interest and charges are usually frozen, so won't accrue any further.

What debts can you include in a DMP?

A DMP is not suitable for all types of debt. Get help to find out whether a DMP is the right debt solution for you.

You can include:

Non-priority debts such as the below can be included in your DMP

You cannot include:

Priority debts such as the below CANNOT be included in your DMP

Spend Quality Time With Your Family

Not worrying about your debts…

It takes minutes to find out whether you are eligible for a Debt Management Plan.

FAQ's

What are the pros of a DMP?

Consolidate your debts – consolidate your debts into a single, affordable monthly repayment.
Extended time to repay – more time to repay your debts.
No further charges – all interest and charges are usually frozen.
Debts repaid – at the end of your DMP, all debts will be repaid in full if the charges and interest have been frozen.

What are the cons of a DMP?

Credit ratting – despite not being a formal agreement, your credit score could still be affected for a period of 6 years.
Only certain debts can be included – only non-priority debts can be included in a DMP so all other debts will need to be dealt with separately.
Not legally binding – a DMP is not legally binding on you or your creditors.
Long period of time – because you will be agreeing to repay your debts in full, a DMP could run for quite some considerable time if you have a large amount of debt or can only afford a small repayment each month.

What are 'priority' and 'non-priority' debts?

Priority debts are named as such due to the consequences of not paying them potentially being more serious than for other debts. For example, not paying your rent could lead to eviction, or not paying for electricity could lead to your supply being cut off.

Priority debts cannot be included in your DMP so you will need to deal with these separately.

Non-priority debts can be included in your DMP, which include bank loan arrears and credit card arrears.

If you are unsure whether your debts can be included please contact us today.

How do I deal with my 'priority' debts?

If you enter into a DMP to deal with your non-priority debts, you must still deal with your priority debts.

However, we have found that lots of people are better able to manage their priority debts once their payments towards their non-priority debts have been reduced and brought under control.

Who will my creditors send correspondence to?

Once you have successfully entered into your DMP, we will liaise with your creditors on your behalf.

We will collect the agreed monthly repayment from you and will split it between your creditors for you. All regular correspondence from and to your creditors will be handled by us.

It is important to remember that you will still need to deal with the creditors of any priority debts that you may have.

How long will my payments continue for?

Your monthly repayments will continue until your debts are repaid in full. The length of time this takes is purely dependant on the amount of debts that you have and the amount of your agreed monthly repayment.

We will handle your payments throughout, so you will not need to speak to your creditors at any point in the future provided that you maintain your agreed repayments.

What about alternatives to a DMP?

There are a number of possible solutions available to the residents of England, Wales and Northern Ireland.

However, all come with different criteria’s and some you could be eligible for whereas you may not be eligible for others.

We will discuss your options once we know more about your circumstances and help you where we can.

Would I not be better off with an IVA?

With an IVA you must have at least £6,000 worth of debt for it to be viable and you must also be able to contribute at least £90 per month towards your debts.

It is also worth noting that an IVA is a formal debt solutions and therefore the consequences of not paying will be different than they are for a DMP.

We will discuss your options with you once we know more about your particular circumstances.