A DMP is an informal debt arrangement with your creditors.
You would pay a single, monthly affordable amount to us.
We would liaise directly with your creditors and make the monthly payment to your creditors.
The amount paid to creditors is split proportionally, depending upon the amounts due to each of the creditors.
Any calls from creditors can be referred to us.
You will need at least three or more debts and owe more than £3000.
A DMP does not need to be administered by an Insolvency Practitioner - you could actually administer it yourself.
A DMP is not likely to be a long term solution to your debt problems. It is more designed to be a short term plan.
A DMP is not a legally binding arrangement and will not prevent any formal action being taken against you by a creditor.
