As debt management plans (DMP) are quite flexible, you may find that you’re able to pay off a DMP early by increasing monthly payments or paying a lump sum.
Your DMP payment is worked out once your priority household bills, arrears and other living costs have been accounted for in your personal budget. The money left over each month after these expenses are accounted for will then become your DMP payment.
Whether you can pay your DMP off early or not often depends on how much you have left over each month, and if it’s possible to increase that amount. Depending on your circumstances, making full and final settlements on your debts may also be an option.