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Debt Management Plans

A Debt Management Plan (DMP) is an agreement to reduce your debt payments to an amount you can afford. It is available in England, Wales, Northern Ireland and Scotland. Only unsecured debts can be included.

It is an informal debt solution which means neither you or your creditors are legally bound to it. You can increase or reduce the amount you pay into a Debt Management Plan at any time. In addition if you are a home owner you do not have to involve the equity in your property.

If you use Debt Management there is no automatic agreement to write any of your debt off. As such the time it takes to repay what you owe may be considerably increased. In addition your creditors may continue to add interest and charges to your accounts.

Can I do a Debt Management Plan?

HOW MUCH IS YOUR DEBT?

ARE YOU EMPLOYED?

DO YOU OWN A PROPERTY WITH EQUITY?

CAN YOU PAY £100 PER MONTH?

About DM4U

Welcome to Debt Management For You

If you have questions about Debt Management and would like find out more, speak to an expert or find out how to start a Debt Management Plan then you have come to the right place.

This website aims to answer all your questions and help you make an informed choice about whether Debt Management is the right debt solution for you. Use the form below to see if you should do a Debt Management Plan or give us a call to discuss any questions you have

Recent Articles

14/3/16

Debt Management Company Closed

Options if your debt management company has closed. Is the money you paid into your plan safe? What happens to your debts? What action should you take now?

The Debt Management process

  • 1
    Decide if Debt Management is appropriate
  • 2
    Complete a Financial Statement and Payment Proposal
  • 3
    Agree Reduced Payments with Creditors
  • 4
    Maintain Debt Payments as agreed
  • 5
    Review your circumstances regularly
  • 6
    Pay your Debt in Full or Settle Early