Most people use a firm to run their Debt Management Plan (DMP). In this case you make one monthly payment to the firm, who then divides it between your creditors. But you can do all this yourself, not using a DMP firm.

Will I get a CCJ on a DMP?

A DMP isn’t based on Government legislation, so unlike solutions such as an individual voluntary arrangement (IVA) or bankruptcy, a DMP doesn’t protect you from legal action by your creditors. However, while it’s possible you could get a CCJ during your DMP, it’s rare so long as you stick to the payments you’ve agreed.

Is there a debt management plan in the UK?

i This solution is available throughout the UK. A debt management plan (DMP) is a debt solution that can be used to help people pay back their debts at an affordable rate. It’s normally suitable for someone struggling to meet the original repayment amount they’ve agreed with their creditors.

Where can I get a free debt management plan?

Where can I get a free debt management plan? A debt management plan (DMP) is a payment plan arranged with your creditors. As a charity we offer free DMPs, however some debt management companies charge for them. A debt management plan is usually arranged on your behalf by a third party provider, for example a debt charity or debt management company.

Who are the providers of a debt management plan?

A debt management plan (DMP) is usually arranged on your behalf by a third party provider, for example a debt charity or debt management company.

What can StepChange do for a debt management plan?

StepChange Provide Free DMPs Debt management plan (DMP) A debt management plan (DMP) is a debt solution that can be used to help you pay back your debts at an affordable rate. It’s normally suitable if you’re struggling to meet the original repayment amount you’ve agreed with their creditors.