Is a DMP suitable for me?
A DMP may be suitable if you have some surplus money available each month once you have met your priority costs such as food, accommodation and utility bills. We’ll work with you to establish a budget that meets your household’s needs. Any money left over will go to your creditors.
How does a debt management plan work?
You make a single monthly payment to us and we divide it amongst those you owe money to. A DMP takes the stress out of dealing with your creditors. It shows them that you’re committed to repaying your debts. It also gives you peace of mind that all of your debts are being paid every month.
Why shouldn't you have to pay for a DMP?
At StepChange Debt Charity we don’t believe that you should pay for a debt management plan. That’s why, unlike many debt management companies, we don't charge you to administer your plan. That way, you can be sure every spare penny you have is going towards paying your creditors.
Want to switch your DMP to us?
If you already have a DMP and are being charged for it, some of your monthly payment may be going as fees to your debt management company. Switching to a free StepChange DMP means that all of your monthly payment goes towards repaying your debt – so you’ll be debt free more quickly. Moving your DMP to StepChange Debt Charity is easy. The first step is for us to learn more about your debts and your household budget so that we can recommend the right debt solution for you.
