See if you are eligible for a Debt Management Plan (DMP)

Reduce your monthly debt repayments until your debts are repaid in full.

  • Get confidential help from our team.
  • Get more time to repay your outstanding debts.
  • Relax knowing your debts are under control.
Trustpilot

May not be suitable in all circumstances. Fees and disadvantages may apply, read here. 


Money Helper (formerly The Money Advice Service) is a free service set up by the Government to help people make the most of their money. If you would like to learn more click here. Please note that we have no affiliation with Money Helper.

Start your journey to financial freedom.

1. Speak to our team.

Our experienced advisors are waiting to help you start dealing with your debts.

2. We guide you.

Find out more about the debt repayment plans available to you.

3. Ongoing support.

Our advisors will support and guide you throughout your journey.

Find out if a DMP is the right debt management solution for you.

As with any debt agreement, it’s important that you seek professional advice before committing.

A DMP is an informal agreement between you and your creditors to make a smaller, affordable monthly repayment towards your non-priority debts until they are fully repaid.

A DMP could be ideal if you want to repay your debts in full but need more time over which to repay them. All of your included debts are consolidated into a single monthly debt repayment based on what you can afford and not what you owe. The DMP agreement will continue until your debts are repaid in full or you breach the terms of the DMP agreement.

Being an informal agreement, details of your DMP will not appear on any public register (including your credit file although there are exceptions – see below), so the only people that will know about your DMP are the people that you tell, whether by choice or obligation.

Although DMP’s are not legally binding on you or your creditors, it is still important that you speak to a debt professional to ensure that you fully understand the implications of a DMP.

If you are struggling with non-priority debts such as loans and credit cards, a DMP could be right for you.

  • There is no minimum or maximum level of debt to be eligible for a DMP.
  • You must be able to make a regular contribution towards repaying your debts.
  • A DMP is for people who are able to maintain repayments on priority debts such as rent and utilities but struggle with repayments for credit cards and loans.

Below are the main advantages of entering into a DMP. To learn more, please get in touch.

  • Consolidate debts – consolidate your debts into a single, affordable monthly repayment.
  • More time –  get more time to repay your debts.
  • No further charges – all interest and charges are usually frozen.
  • Debts repaid – at the end of your DMP, all debts will be repaid in full.

Below are the main disadvantages of entering into a DMP. To learn more and see how a DMP could impact you, please get in touch.

  • Credit rating – despite not being a formal agreement, your credit score could still be affected for a period of 6 years.
  • Only certain debts – only non-priority debts can be included in a DMP so all other debts will need to be dealt with separately.
  • Not legally binding – a DMP is not legally binding on you or your creditors.
  • Long period of time – because you will be agreeing to repay your debts in full, a DMP could run for quite some considerable time.

Debts we can help with

This is not a full list of the debts that can be included in a DMP, please get in touch to see what other debts can be included.

Credit Cards

Unsecured Loans

Payday Loans

CCJ’s/HMRC

Overdrafts

Council Tax

Utilities

Catalogues

Get Started

A DMP may not be suitable in all circumstances. Fees and disadvantages may apply, learn more here. Your credit rating may be affected.

Click here to get started

DMP Frequently asked Questions

If you are able to repay your priority debts (such as rent, gas and electric) but struggle to maintain repayments for non-priority debts (such as bank loans and credit cards) and would just like to reduce your repayments and extend the period of time over which you repay, then a DMP could be the right debt repayment solution for you.

You should bear in mind that in a DMP you agree to repay your debts in full. So depending on the amount of debt that you have, and monthly repayment amount you can afford, your DMP could run for quite some considerable time.

Because a DMP is an informal solution it is unlikely to have any impact on your employment. However, to make sure that this is the case in your individual circumstance, it is important that you seek professional advice before you enter into a DMP.

All debt solutions will have an impact on your credit score.

Details of your debt solution will be entered onto your credit record and will remain there for a period of usually 6 years.

Although the initial advice that we offer is completely free, fees will apply should you enter into a DMP. This is the case with all DMP providers due to the ongoing management of your account and repayments.

These fees are detailed in your DMP proposal and will be agreed by your creditors. Typically fees are included in your agreed affordable monthly repayment , not in addition to it.