Debt Management Plan

If you have debts of more than £2,000 we can help. We tailor specific debt plans depending on your circumstances, whether you have debts of £2,000 or £100,000 we have the solutions for you.

What Is A Debt Management Plan?

A Debt Management Plan (DMP) is an informal agreement between you and your creditors where you will come to an arrangement to make reduced payments towards the total amount of your debt.

When arranging a DMP, debt advisors will make contact with the creditors and try to renegotiate the debt on behalf of you. After that, you would pay one ‘agreed’ payment monthly which is then distributed out between the creditors.

Do You Qualify For A Debt Management Plan?

To qualify for a DMP, your total debt must exceed £2,000 and you must owe to at least two different creditors (different banks, credit card companies etc.). If your debt exceeds £15,000, an Individual Voluntary Arrangement (IVA) would be a better option.

Debt Management Plans are available to residents of England, Scotland, Wales and Northern Ireland. Residents of Scotland may also want to consider a Trust Deed which we can also arrange. In all cases, please complete our contact form.

Quick Debt Management Plan Application Process

Step 1
Complete our contact details form on this page.
Step 2
Based on your personal circumstances, we will create a debt repayment proposal for you. We will talk you through the proposal to ensure you are happy with all the details.
Step 3
We will contact all your creditors and negotiate your proposal with them.
Step 4
Once the proposal is agreed and finalised, we will set up a standing order to transfer your payments to your creditors.
Step 5
Become debt-free!

For any other questions, please complete our contact form for a no-obligation call from our debt advisors.

Data Protection

Your data is safe with us, we will not pass any of your details onto anyone other than our advisors. We will not add your address or email address onto any mailing lists.

We are a registered Data Controller with The Data Protection Act 1998, registration number .