Debt Management
Roll your unsecured debts into one affordable monthly payment, with creditors asked to freeze interest and charges.
See if you qualifyA Debt Management Plan is used to manage your unsecured debts into one affordable monthly payment. It involves negotiating with your creditors to reduce your payments to a manageable level, and we handle all communication with them on your behalf.
How we can help
We’ll discuss all the possible options so you can make an informed decision. If a DMP is your preferred route, we’ll handle the negotiations and distribute your monthly payment to your creditors, taking the hassle off your plate.
Key facts about Debt Management
A DMP is an informal arrangement, so there’s no contract tying you in — you can withdraw at any time, but so can your creditors. Creditors aren’t obliged to freeze interest and charges, which can extend how long the plan takes. Your credit rating could be affected, as you’ll be paying less than your original agreements.
Am I eligible?
- You’re struggling with repayments on debts such as credit cards and loans
- You have unsecured debts greater than £2,000
- You can afford a regular monthly payment towards your debts
Free, confidential advice with no obligation.
Free, independent debt advice is also available from MoneyHelper, StepChange, National Debtline and Citizens Advice.