A DMP provider sets up your DMP. They work out what you can afford to pay and tell you if a DMP is right for you. They then contact the people you owe to explain what you are going through, and to confirm how much you will pay.
You need to send your debt management plan provider a payment each month. They use this to pay the people you owe on your behalf.
Your provider will talk to the people you owe about lowering your payments. You do not have to.
As a charity we offer free debt management plans, but some providers charge for them.
- These companies take a cut of your DMP payment in fees
- This means it takes longer to pay off your debt