Debt Solutions

If you are troubled by debt simply fill in the form above and an expert debt advisor will call to run through your options.

What is a Debt Management Plan (DMP)

A DMP is a voluntary arrangement negotiated by a DMP provider who will agree a mutually agreeable monthly repayment between yourself and your creditors that you can afford in order to clear your debt. The Provider will also attempt to freeze any interest rates on your debts and can even potentially reduce the amount of your debt.

Eligibility

Your debts need to be unsecured and include things such as overdrafts, credit cards, store cards, unpaid utility bills and personal bank loans. Things that cannot be included in a DMP are mortgage arrears, vehicle HP agreements and student loans.

You must also owe at least £1500 and have at least two creditors.

You must also prove to your creditors that you are making a credible monthly payment offer – this is achieved by submitting a monthly expense calculation (with the help of your provider) to show you are making an offer that is credible taking into account your monthly income minus reasonable living expenses.