What Is a Debt Management Plan?
A “Debt Management Plan” (DMP) is an informal arrangement, under which you agree to repay back the creditors a monthly payment. You will make a single affordable monthly payment to our client account every month and we make the payments for you. We negotiate the payments on your behalf, after going through our questionnaire we can identify how much you can realistically afford every month.
Will a Debt Management Plan Benefit Me?
- You are not meeting your monthly household bills because of loans/credit cards
- Have unsecured debts over £2500
- Have defaults/ CJJ’s
- If you have a wide range of, credit cards, catalogues, store card, loans, bank overdraft debt
What Do You Do to Help Me?
- Providing a Debt Management Plan that suites your needs, we will instigate a detailed income and expenditure which will advise us on the best possible solution for your debts.
- What does this mean for me?
- You will have 1 affordable monthly payment every month, so you know where you are with your finances.
- You will not have to re mortgage/ have another loan/ or borrow money from family/friends anymore.
- We aim to freeze interest and charges so the debt does not increase.
- We take the pressure off you and talk to your creditors on your behalf.
- We aim to have you debt free within 60 Months, unlike some DMP companies, we aim to solve the problem, and not prolong the issue.
Speak to our advisors to see how we can help
