Debt Management Plan (DMP)
A Debt Management Plan (DMP) is an informal agreement between you and your creditors, where you arrange to pay off your debts through lower monthly payments than your contractual payments. Your creditors may agree to freeze interest and charges, giving you reassurance that your debts are not continuing to grow. A DMP is not a legally binding debt solution and won’t appear on any public registers, so nobody needs to know about your DMP unless you tell them.
How does a DMP work?
You can arrange your own repayment plan with creditors, or you can use DebtPlus to set up a DMP on your behalf. This reduces the legwork for you and ensures your plan is managed by experienced professionals.
Why choose DebtPlus for your DMP?
- Completely free debt management plans
- Expert support and guidance throughout your journey
- We are funded by donations from the credit industry, so you pay nothing for our service
Get started today
To speak to our specialists about our online debt management plans and to get impartial advice on which debt solution is right for you, call our team.
We are available from 8am to 8pm Monday to Friday, and 9am to 3pm on Saturday. Alternatively, you can get debt help online by using our online debt solution tool, PlanFinder.
