Want to Know How a Debt Management Plan Can Help You?
If you’re experiencing financial difficulties and finding it harder and harder to make your monthly repayments on such things as loans, credit cards, store cards and other unsecured debts, then a Debt Management Plan or, DMP for short, could help you regain control of your finances.
Normally, the amount you pay back each month is lower than what you are currently paying and Debt Management Plans are generally more suitable for people with debts of less than £10,000.
By making just one affordable payment each month, your debt management provider will in turn distribute this to each of your creditors and will continue to negotiate to reduce or freeze interest and charges.
This allows you to properly budget and plan your money each month giving you greater clarity and will help reduce the worry that so often comes with debt problems.