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Free advice on problem debt
based on what's best for you

0800 138 1111 Freephone, including all major mobile networks*

Debt Management Plan. Is a DMP right for you?

A debt management plan (DMP) helps you to manage your debts and pay them off at a more affordable rate by making reduced monthly payments. DMPs from StepChange Debt Charity are fee-free.

We'll work with you to establish a budget that meets your household's needs. Any money left over will be consolidated into one monthly payment to your debts. We don't charge any set-up or monthly fees. Please be aware that many debt management companies provide debt management as a service, but most will charge a fee.

StepChange DMPs at a glance.

StepChange DMP benefits Things to consider
Some companies charge a fee for DMPs - as a charity we don't. Every penny you send to us goes towards repaying your debts. Some of your creditors may still contact you, but we will offer support and advice every step of the way.
We start by agreeing a monthly household budget. That way, only money you can afford goes to your creditors. Most creditors will see that you’re repaying and agree to stop interest and charges as a gesture of goodwill, but some may not
If you've fallen behind with any of your priority household bills, you can use your DMP to get these bills back up to date. As you’re making reduced payments your credit rating will be affected.

Find out more about DMPs.

 
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.

What should I do if I've fallen behind with my household bills?

If you've fallen behind with your priority household bills (like gas, electricity or mortgage) and built up arrears then we can add these onto your DMP so that they're included in your monthly DMP payment.

If you add these arrears onto your DMP we'll help you clear these as quickly as possible. Once your arrears start to clear the amount that's being paid towards your unsecured debts will increase.

This makes repaying your arrears easy and stress free as it's all included in the single monthly payment you make to us. All you need to do is make sure you continue to make the normal monthly payment towards your priority household bill. 

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.

What next? How to apply for a DMP.

  1. The first step is to see if a DMP is the right debt solution for you. You can do this online by using our Debt Remedy tool or by speaking to one of our advisors.
  2. If a DMP is right for you, we'll provide information on how it would work and tailor it to your personal circumstances. We can set up your DMP quickly and easily.
  3. We’ll contact your creditors to tell them how much you’ll be paying each month. Then we’ll collect a single monthly payment from you and divide it fairly between them.

Is a DMP for you? FREE personal debt advice in 20 mins

Complete our anonymous Debt Remedy tool to get FREE debt help now

  • Our DMPs are completely fee-free
  • One single monthly payment

Try Debt Remedy

Chat with an advisor now

Use our live chat service to talk to an advisor about DMPs. Available
Mon-Fri 8am-8pm, Sat 9am-2pm.

Why choose us?

We are the UK's leading debt advice and debt management charity.

  • We'll set up your DMP for FREE Unlike other companies we'll set up and manage your DMP completely free of charge.
  • Expert advisors We have approved money advisors who are experts in debt law. They'll be on hand to help you every step of the way.
 

Contact us

0800 138 1111 Freephone, including all major mobile networks*

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DMP guide

Download our DMP guide for immediate information on DMPs & how they help.

Download our DMP guide

Helping you become debt free...

"I wish to thank your staff for all the great help they gave me when I was in so much debt. They were a pillar of support to me." (Leslie, Essex)

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