Your budget and your DMP: Reviews
You need to review your finances at least once a year while you are on a plan. We can do this through
OnlineDMP or over the phone. We do this to make sure your DMP is still right for you and work out a DMP payment you can afford. Also it keeps the people you owe money to informed.
We need to do this:
- At least once a year
- Or when you tell us something is likely to change
Your DMP can be changed at any time based on your needs. Don't worry, your creditors know that things will change from time to time.
If you do not have a review, we cannot be sure a DMP is right for you. We may have to cancel your DMP if you miss reviews regularly. We will always try our best to contact you before stopping your DMP.
I need to pay less to my DMP, will it be cancelled?
You might find you have less money left over to pay towards your DMP. This could be because your income has gone down, or your living costs have gone up.
Making payments you cannot afford could end up making things worse.
We would not just cancel your DMP. We would always check if it is still right for you.
If it looks like you can't pay off your debt in a reasonable amount of time, a DMP may not be the best option for you. If this happens, there is no need to panic. We will help you work out whether to keep your DMP or look at a different debt solution.