Debt Management Plan (DMP)

An agreement that is made between you and your creditors to help control and pay all your debts with one affordable payment.
What is a Debt Management Plan?
A Debt Management Plan, or DMP, is an informal agreement between you and your unsecured creditors to pay back non-priority debts, reducing your monthly debt payments to a single affordable amount each month.
Debt Management Plans are usually used when either:
You can arrange a plan with your creditors yourself or through a licensed debt management company for a fee. If you arrange this with a company: you make regular payments to the company. The company shares the money out between your creditors.
The Pros of a DMP
The Cons of a DMP
Which debts Can I pay with a DMP?
Debt Management Plan is a debt solution that primarily covers non-priority debts. These include:
Help me find the plan that is right for me.
Help me find the plan that is right for me.

Speak to a
debt advisor today.