How does a DMP affect me?

If a creditor ‘refuses’ a DMP payment, they still have to let it be processed. However, a DMP provider would usually recommend that you continue to make your DMP payments as normal.

DMPs can be changed to suit your situation if your income or living costs change. You’re also not tied into the agreement, so you can leave the DMP agreement at any time, should you want to. 

Can I get a DMP?

A DMP isn’t suitable for everyone, and we recommend that you get some professional and impartial advice before setting one up. A debt advice organisation would look at your budget in order to determine if a DMP is the best solution for you.

Not all debts can be paid through a DMP. Most debt types can be included, such as credit cards, personal loans, overdrafts, gas and electric arrears, catalogues, cancelled phone contracts and payday loans. However, secured debts, like mortgage arrears or secured loans, and some other debts (including student loans, child support, county court judgments and fines) will still have to be paid separately to a DMP.