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A Debt Management Plan, or DMP, is an informal agreement between you and your unsecured creditors to pay back non-priority debts, reducing your monthly payments to a single affordable amount each month. There are both fee-paying and free-fee debt management plans available.
Customers can get free debt counselling, debt adjusting and providing of credit information services from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. For more information from the Money Advice Service click here www.moneyadviceservice.org.uk
You can find. Government guidance on dealing with your creditors here.
Simply complete the form to see if you qualify for any of the available debt solutions.
Do I Qualify?A friendly & experienced advisor from Money Advisor will contact you to discuss your circumstances.
Do I Qualify?They will explain all your options, so that you can decide which solution works best for you!
Do I Qualify?A Debt Management Plan, or DMP, is an informal agreement between you and your unsecured creditors to pay back non-priority debts, reducing your monthly payments to a single affordable amount each month.
There are both fee-paying and free-fee debt management plans available.
If you have a higher amount of debt a DMP may not be the right solution for you, as it could take you a lot longer to pay back your debts.
A DMP could be a good debt solution for you if you have some money left over each month after paying for food, accommodation and utility bills. The DMP provider will work with you to see what level you can afford to pay and this will be divided among the creditors that you owe money to.
Please be aware that lenders are not obliged to accept less than contractual, payments or to freeze interest and charges. This may result in an increase in the total, amount repayable and may affect your credit rating