LP DMP – Consolidebts.co.uk

Available to residents of England, Wales and NI

Debt Management Plan (DMP)

Extend the period of time you have to repay your debts with a DMP.

See if a DMP will fulfil your needs

Where do you live?(Required)

How many different debts do you have?(Required)

How much do you owe in total?(Required)

What debts payments would you like to consolidate?(Required)

What is your employment status?(Required)

What is your current residential status?(Required)

Your First name(Required)

Your Surname(Required)

Phone(Required)

We will only use your details to contact you about the information contained in your form submission. We do not share your data with any third parties.

What is a Debt Management Plan?

An informal agreement between you and your creditors to make a smaller monthly payment towards your debts until they are repaid in full.

If you just need more time to repay your debts a DMP could be right for you. All non-priority debts are consolidated into a single monthly repayment you can afford. No additional charges or fees can be added and the agreement exists until you have repaid your debts in full.

Although DMP’s are not legally binding on you or your creditors, it is still important that you speak to an debt professional to ensure that you fully understand the implications of an DMP.

Some of the debts that can be included

Credit/Store Cards
Bank/Payday Loans
HMRC/Council Debts
Overdrafts
Catalogues
Utility Bills
Bailiffs

What is a Debt Management Plan?

An informal agreement between you and your creditors to make a smaller monthly payment towards your debts until they are repaid in full.

Although DMP’s are not legally binding on you or your creditors, it is still important that you speak to an debt professional to ensure that you fully understand the implications of an DMP.

Some of the debts that can be included

Credit/Store Cards
Bank/Payday Loans
HMRC/Council Debts
Overdrafts
Catalogues
Utility Bills
Bailiffs

DMP Pros

Consolidate debts - consolidate your debts into a single, affordable monthly repayment.
Breathing space - more breathing space and time to repay your debts.
No further charges - all interest and charges are usually frozen.
Debts repaid - at the end of your DMP, all debts will be repaid in full.

DMP Cons

Credit rating - despite not being a formal agreement, your credit score could still be affected for a period of 6 years.
Only certain debts - only non-priority debts can be included in a DMP so all other debts will need to be dealt with separately.
Not legally binding - a DMP is not legally binding on you or your creditors.
Long period of time - because you will be agreeing to repay your debts in full, a DMP could run for quite some considerable time.

A simple process...

1 - Submit a few details

so you reach the right member of our team.

2 - We'll give you a call

so we fully understand your individual needs

3 - You choose a plan

once you understand your options

4 - Start making one repayment

and your provider will do the rest

To make life even easier, once you have agreed a repayment amount and the right debt solution for you, we do the rest. We will collect the payment from you each month and split it between your creditors for you.

Debt Management Plan (DMP)

See if a DMP will fulfil your needs

What is a Debt Management Plan?

Some of the debts that can be included

What is a Debt Management Plan?

Some of the debts that can be included

DMP Pros

DMP Cons

A simple process...

1 - Submit a few details

2 - We'll give you a call

3 - You choose a plan

4 - Start making one repayment

Relieve stress and give yourself peace of mind with one monthly payment.

Consolidate your debts into a single, affordable monthly repayment with a DMP.