Debt Management Plans, often known as DMPs are informal agreements that are designed to help people to regain control of their finances.
DMPs are designed as a compromise between the person struggling with debt and the companies who have lent the money to them.
There are many benefits to Debt Management but this solution is not for everyone and needs careful consideration. If you are already on a Debt Management Plan then you can still swap to another and potentially better debt solution. It is always worth exploring all of your options.
- Reduced Debt RepaymentsFits into your household budget
- Consolidate PaymentsMake just one monthly repayment
- Freeze interest and chargesSo your debt stops getting any bigger