About debt management plans (DMPs)

A debt management plan is a debt solution that lets you make affordable payments to your debts.

It may be the right choice if:

• You are struggling to keep up with your normal debt payments
• You have some money leftover each month after bills and living expenses

A debt management plan (DMP) is usually arranged by a third party provider like:

• A debt charity
• A debt management company

Here is how it works:

• You make a single monthly payment to the DMP provider
• They contact all the people you owe
• They send each one a share of your monthly payment