See if a Debt Management Plan can simplify payments and help freeze or reduce interest. We’ll check eligibility, fees vs free, likely timelines and safer alternatives — free and confidential.
✅ Start Free DMP CheckQuick answer: A Debt Management Plan (DMP) is an informal way to repay non-priority unsecured debts via one affordable monthly payment. Your provider distributes payments and asks creditors to freeze or reduce interest and ease enforcement — this is not guaranteed. We’ll explain if a DMP fits and when a formal option (IVA/DRO) is safer.
A DMP is an agreement where you pay a single, affordable amount towards your unsecured, non-priority debts. Your provider shares this between creditors and requests interest/charge freezes. You can cancel any time, but creditors aren’t legally obliged to accept terms.
Independent guidance: MoneyHelper • Citizens Advice • StepChange
Check If a DMP Suits MeGood indicators you’re in DMP territory:
If you’re facing bailiffs or court action, we’ll stabilise things first (e.g., Breathing Space) then place suitable debts into a plan.
Free 60–90s Eligibility CheckFree DMPs exist via some charities; every pound goes to creditors. Fee-charging firms take a monthly management fee (and sometimes a setup fee), which can slow repayment. We’ll show the true cost of each route and when IVA/DRO may clear unaffordable debt faster.
Tip: always check FCA authorisation, service scope and cancellation terms.
Compare My Options FairlyOutcome varies by creditor and your circumstances.
Ask Us to Approach Your CreditorsDMPs can add arrangement-to-pay or defaults to your file, affecting new mortgages or some tenancies. With stable conduct and time, many still rent or remortgage later. Timing, deposit, and specialist brokers matter.
Plan a Mortgage/Renting TimelineProtect essentials first: rent/mortgage, council tax, energy, court fines, CMS and some taxes. Breathing Space (England & Wales) can pause most enforcement/interest up to 60 days while you set a plan. Mental Health Crisis Breathing Space lasts longer.
See If I Qualify for Breathing SpaceYou can run a DMP yourself by writing to creditors with your budget and a fair offer, then paying each monthly. Pros: control and no fees. Cons: admin heavy; interest freezes not guaranteed; you handle all follow-ups.
Get DIY DMP Letters & Budget TemplateBecause a DMP is informal, you can cancel or switch provider. Keep statements, confirm notice terms, and tell creditors who will handle payments next (or that you’ll self-manage).
Move to a Better DMP (Free Help)It’s requested—not guaranteed. Many creditors agree when the plan is fair and payments are regular. If one won’t, we can escalate, offer a short token plan, or reassess whether IVA/DRO suits better.
Ask Us to Re-Negotiate InterestIf you owe your current bank, consider opening a separate basic account elsewhere first to avoid right of set-off. Move income and priority bills before starting the plan.
Ask Which Account to UseIn Scotland, the Debt Arrangement Scheme (DAS) is a formal payment programme (interest/charges frozen once approved). A Protected Trust Deed is similar to an IVA. We’ll guide the right nation-specific route.
See Scotland-Specific OptionsJane, Stoke-on-Trent: £14,200 across cards/loan. DMP at £160/month. Four of five creditors froze interest within eight weeks; estimated term ~74 months vs 10+ years at mins (subject to creditor decisions).
Amir, Leeds: Variable income contractor. Flexible DMP (£110 base; £70–£140 range) avoided arrears and shortened his horizon by ~18 months.
Sophie, Cardiff: Council tax + energy arrears addressed via Breathing Space; then DMP at £125/month for cards. Bailiff risk eased and plan stabilised.
Read More TestimonialsNo. Many creditors do freeze when the offer is fair and consistent, but it’s not guaranteed.
Yes — it’s informal. Check your agreement for any notice period and how to stop payments safely.
No — DMPs cover unsecured debts. Keep secured payments (mortgage/HP) up to date.
Request an on-demand review. We’ll adjust payments to protect essentials and prevent arrears.
It can reduce pressure, but it isn’t a legal shield. Consider Breathing Space for immediate protection.
Typically 3–7 years, depending on debt total, interest freezing and your monthly payment.
Cards included in the plan usually need to be stopped/closed; new borrowing is discouraged.
Joint debts affect both parties; guarantor loans can impact the guarantor. We’ll map the risks and options.
A DMP can simplify payments, calm creditor contact and may help reduce interest. We’ll guide you step-by-step — and tell you frankly if a different solution is safer.
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