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Debt Management Programme (DMP)
is an informal arrangement between you and your unsecured creditors administered by a Licensed Debt Management Company. A debt adviser works out a reasonable payment offer, where you have sufficient funds to live on and the rest is evenly distributed between your creditors. A payment offer is normally much lower then your contractual payments.

If you are struggling to pay your debts a DMP Solution can help to:

Get free professional debt advice
Make one affordable monthly payment to creditors
Have enough money for all necessary expenditure in your household
Find dedicated team that deals with your creditors directly on your behalf
Negotiate with creditors an agreement to reduce or stop any further interest and charges
A DMP may be solution if you have:
Multiple debts that are difficult to manage
Mortgage, rent, council tax or utility bill arrears
CCJ’s against you or been threaten by court action or bailiff visit
Credit and store cards, personal loans, overdrafts, mail order catalogues debts
Advantages
Immediate release of pressure from creditors
Controls Monthly expenditure
Improves affordability when applying for loans
Disadvantages
Informal agreement
Some creditor's may delay stopping interest