Debt Management Plans (DMP)

A DMP allows you to make a repayment that you can realistically afford, once all your essential living expenses have been taken into account. The client makes one monthly payment which will be distributed to their creditors, typically the new payment is half the amount they are currently paying, but will depend on the individual circumstances.

We understand that debt can be overwhelming, and a change in circumstances such as a reduction in income, or the break-up of a relationship could land you in serious financial trouble. A debt management plan may be the solution for you.

Do you simply have more outgoings on unsecured credit than you have income into your household?

A Debt Management plan is an informal arrangement between you and your creditors to enable you to repay your debts with ONE regular monthly repayment you can afford, it is not legally binding and can be reviewed upon change in circumstance.

For More Information on Debt Management Plans please Contact us.

Debt Solutions | Debt Management Plans | Individual Voluntary Arrangements

Your home may be repossessed if you do not keep up repayments on your mortgage.