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Debt Management Plans (DMPs)

Repay your debts at a rate that’s affordable for you

  • Lower your monthly repayments
  • Reduce lender contact
  • Take control of your finances

“They provided an excellent tailored financial
solution which proved extremely useful.”

Do you qualify?

How to find a debt solution that works for you.

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Quick & Simple

By clicking on ‘DO YOU QUALIFY’ and completing some simple questions about your financial circumstances, you’ll be taking your first step towards a debt free future.

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Free, instant report

With the information you provide, we’ll instantly send you a free report that will explain how we can help you.

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The Solution

Discuss your unique circumstances with one of our accredited advisors. By taking your income and outgoings, we can help you find a debt solution that works for you.

For more help and advice, visit the Money Advice Service, a free independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here.

IVAs are only available in England, Wales and Northern Ireland. IVAs, DROs and Bankruptcy are only available in England, Wales and Northern Ireland.

Your debt free journey

A quick look at your path
to a debt free future

Debts to include
on your DMP

Credit cards

Personal loans

Store cards

Overdrafts

Payday loans

Buy now pay later

Your debt free journey

How to find a debt solution that works for you.

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Advice

An expert advisor will gather the information needed to assess your situation. They will help you decide if a Debt Management Plan is right for you.

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Options

The specific debt solutions available to you will be explained in a way you will understand. That way you will be able to make an informed decision based on your circumstances.

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Proposal

Once the solution has been decided upon, our trusted provider will take care of the rest. They will negotiate with your lenders so you don’t have to.

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Solution

You will then make monthly payments you can afford until you successfully complete your arrangement. Once completed, you will have repaid the debt included in your plan.

Start to get debt free

Find a solution

There’s a solution for every problem

Brilliant service , explained everything in as much detail as possible. Really feel like a huge weight has been taken off my shoulders. Worked with me every step of the way.

Tanya

A DMP helped Tanya with mounting money problems

Things to consider

More about Debt Management Plans

A look at the figures

Typical Debt Management Plan

Personal unsecured debt

£14,467

Number of lenders

9

Previous monthly debt payments

£608

New monthly debt payments

£245

Figures based on an average of customers who were recommended a DMP by our debt solution provider. Subject to eligibility and creditor acceptance. Alternative solutions may be offered. Read about fees and key information here.

Start to get debt free

Find a solution

Trusted services

Our trusted provider ensures your payments into a Debt Management Plan are protected and
compensation could be available from the FSCS if there are any shortfalls in funds held on your behalf.

Why choose a DMP with Debt Advisory Line

Common questions

No. Debt management makes your existing unsecured debts more affordable by negotiating a reduction in your monthly payments and, unlike a debt consolidation loan, doesn't require you to borrow more.

Bear in mind that because debt management means that you're paying less for longer, you may end up paying more overall.

We'll need the account numbers from your original credit agreements, so that we can contact the correct people about your debts and negotiate your new repayment terms.

If you have unopened post from your lenders, please open it to see where you stand and for an up-to-date balance. This information will help us to negotiate with your lenders.

If you have unopened post from your lenders, please open it to see where you stand and for an up-to-date balance. This information will help us to negotiate with your lenders.

Our trusted providers will always ask lenders to freeze interest and charges on your debts, but they are not legally obliged to do so. Some lenders may reduce the interest and others may freeze it altogether.

Lowering your repayments will lower your credit rating for up to six years from the date you lowered your repayments. This can make it difficult to obtain credit again for that time.

However, many people are already having problems with their credit rating before applying for debt management - because of arrears, or other issues. Repaying debt - even at a slower rate - is better for your credit rating than letting the situation get worse.

Your lenders will be paid either every month or every four weeks (depending on the payment period that’s agreed with you). If you make your payments in weekly or fortnightly installments, the trusted provider will hold the installments until they have the full amount for each payment period before they send the money to your lenders. Our trusted provider ensures your payments into a debt management plan are protected and compensation could be available from the FSCS if there are any shortfalls in funds held on your behalf.

No. Debt management makes your existing unsecured debts more affordable by negotiating a reduction in your monthly payments and, unlike a debt consolidation loan, doesn't require you to borrow more.

Bear in mind that because debt management means that you're paying less for longer, you may end up paying more overall.

We'll need the account numbers from your original credit agreements, so that we can contact the correct people about your debts and negotiate your new repayment terms.

If you have unopened post from your lenders, please open it to see where you stand and for an up-to-date balance. This information will help us to negotiate with your lenders.

If you have unopened post from your lenders, please open it to see where you stand and for an up-to-date balance. This information will help us to negotiate with your lenders.

Our trusted providers will always ask lenders to freeze interest and charges on your debts, but they are not legally obliged to do so. Some lenders may reduce the interest and others may freeze it altogether.

Lowering your repayments will lower your credit rating for up to six years from the date you lowered your repayments. This can make it difficult to obtain credit again for that time.

However, many people are already having problems with their credit rating before applying for debt management - because of arrears, or other issues. Repaying debt - even at a slower rate - is better for your credit rating than letting the situation get worse.

Your lenders will be paid either every month or every four weeks (depending on the payment period that’s agreed with you). If you make your payments in weekly or fortnightly installments, the trusted provider will hold the installments until they have the full amount for each payment period before they send the money to your lenders. Our trusted provider ensures your payments into a debt management plan are protected and compensation could be available from the FSCS if there are any shortfalls in funds held on your behalf.

Take control of your
finances today

As part of our free service, we’ll review your financial situation, explain the available options and recommend a debt solution which is suitable for you. The risks of all suitable solutions will be explained clearly and if you decide to go ahead with a debt solution we will refer you to one of our trusted providers who specialise in the management of that debt solution. We’ll be paid for introducing you or for the preparatory work we do, depending on your debt solution fees may be payable if ongoing services are provided. Read about fees and key information here.

  • Friendly , expert money advisors
  • Private and confidential service
  • Understand all of your options