Take back control with a Debt Management Plan
Reduce your monthly payments to one affordable amount. No court, no rigid terms — just a structured way to clear your debts at a pace that works for you.
- Flexible
- 1 payment
- No court
- Informal
Why people choose a DMP
Upfront cost
There are no fees to get started. Your management fee is included in your monthly payment.
Monthly payment
All your debts combined into a single, affordable payment that fits your budget.
Flexible terms
Increase or decrease payments if your circumstances change. No fixed end date.
Court involvement
A DMP is completely informal. There are no court hearings, legal proceedings, or public records.
Keep your assets
Your home, car, and possessions are not at risk. A DMP does not require you to surrender any assets.
Informal agreement
You are not locked in. You can leave or change your plan at any point without penalty.
How a DMP works
No-obligation assessment
A qualified adviser at an authorised partner reviews your income, outgoings and debts to work out a realistic payment. They explain whether a DMP is right for you — no pressure, no obligation.
Your partner negotiates with creditors
Your partner contacts every creditor on your behalf to propose reduced payments and request that interest and charges are frozen.
Make one monthly payment
You make one monthly payment to your partner, who distributes it across your creditors. No more juggling multiple payments and due dates.
Your partner manages it
Your partner handles communication and paperwork with your creditors. If your situation changes, they can review your payment to match.
Is this right for you?
You’re likely a fit if…
- Have multiple unsecured debts
- Are struggling to keep up with repayments
- Want to avoid formal insolvency
- Are a UK resident
- Have a regular source of income
It may not be right if…
- Only have one creditor
- Can comfortably afford your current payments
- Your debts are mostly secured (mortgage, car finance)
- Want a legally binding agreement
- Owe under £1,000 in total
Questions, answered honestly
How is a DMP different from an IVA?
A DMP is informal and not legally binding. An IVA is a formal, court-approved agreement. DMPs are more flexible but creditors are not obliged to freeze interest or stop contact. An IVA offers legal protection but comes with stricter rules and a fixed term.
Will creditors stop contacting me?
Your partner contacts your creditors on your behalf once your DMP is set up, and most will deal directly with them from that point. Creditors are not legally obliged to stop contacting you, though, because a DMP is an informal arrangement.
How long does a DMP last?
It depends on how much you owe and what you can afford to pay each month. DMPs continue until all debts are repaid in full. There is no fixed end date, but you can increase payments to finish sooner if your circumstances improve.
Can I leave a DMP?
Yes. A DMP is informal and you can cancel at any time. However, if you leave your DMP your original debts would resume at their full contractual terms, and any interest or charges that had been frozen may be re-applied by your creditors.
Are there fees for a DMP?
A monthly management fee is taken from your agreed payment before it is distributed to your creditors. Your partner explains all fees upfront before you commit to anything, so you know exactly what to expect.
Struggling with debt? See your options in 2 minutes.
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No obligation · Won’t affect your credit score