For lower monthly payments, a DMP could be the answer

• DO YOU HAVE DEBTS OF £3,000 OR MORE?
• HAVE 2 OR MORE CREDITORS?
• WANT A LOWER MONTHLY REPAYMENT?

What is a Debt Management Plan (DMP)?

Debt management allows you to make an affordable repayment to creditors after deducting your required living expenses.

It is an informal arrangement between you and your creditors, negotiated on your behalf. We take details of your debts, income and expenses, and provide proof to your creditors that you can't afford current repayment levels.

You make one affordable payment, which is then distributed to your creditors. Typically, the new payment is considerably less than your existing payments, but will depend upon your individual situation.

How will a DMP help me?