Common questions about DMPs
How can I create a budget for a DMP?
- Contact a debt advice organisation
- Create a monthly budget
- See if you can afford to make payments towards your debts
Find out more about how to make a budget.
Are all DMPs free of charge?
Some debt management companies charge a fee to oversee plans.
These fees may be included in the monthly payment that you make to them.
Paying a fee means that less money is going towards your debts each month, which means your DMP can take longer to pay off.
We would always encourage you to choose a fee-free debt advice organisation. This way, all your money is going towards paying off your debts.
Are all debts are included in a DMP?
Unsecured debts will be included in your DMP. This includes:
Priority debts will not be included in your DMP. Such as:
- Most household bills
- Your mortgage
- A debt where court action has already been taken
Make sure you keep paying these at the agreed amount. Find out more about priority debts.
Can the people I owe still contact me when I am on a DMP?
Yes, the people you owe can contact you during your DMP.
They can also continue the debt collection process.
Find out more about interest and creditor contact on a DMP.
Can I change DMP provider?
You should be able to change DMP provider if you want to.
We suggest doing this if you are paying fees for your DMP.
Check your agreement to make sure there are no extra charges if you switch.
Read what to do if your debt management company has closed.