A Debt Management Plan (DMP) is an arrangement between you and those you owe money to.
It is an informal arrangement but shows your going to do something to sort out the problem
Debt Management Plans are for sums up to £2,000.
A Debt Management Plan arranged by us is a good first step to peace of mind, in many cases its all that’s needed. Properly set up it is nearly always accepted. Interest is usually frozen and monthly paymnets are always affordable.
If you think a DMP is a good debt solution to your situation GET IN TOUCH
Debt Management Plan -WHY THEY ARE GOOD
Gets the callers off your back
Gives you time to consider other debt solutions
Monthly outgoings are reduced
Simple and easy to set up
Debt Management Plan – THEIR DISADVANTAGES
Interest on what you owe might not be frozen.
Repayments may go on for several years
Because its informal there is no legal protection
Creditors will look to periodic reviews.