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 repayment amount they originally agreed with their creditors.
With a DMP you make reduced monthly payments towards your debts. This means a DMP is useful for people struggling to keep up with their normal debt payments but who still have money available to them after all essential living expenses are paid.
Regardless of where you live, if you’re struggling to keep up with payments to your debts, a DMP could help you to get your financial situation back on track.