Debt Management Plans
What is a Debt Management Plan?
A Debt Management Plan or DMP is designed to take the financial pressure off you and your family by allowing us to act as your confidential debt advisor. We will also negotiate with all of your unsecured creditors, with immediate results.
What DEBTPLAN Direct™ will do for you:
- We notify your creditors as soon as we have your authority and account details
- We consolidate your unsecured debts into one affordable monthly payment
- We reduce or freeze interest and charges in the majority of cases
- You have an experienced creditor support team for the duration of your debt solution
- We stop your creditor and debt collectors chasing you and...
- We allow you to regain control of your finances
So, you might be thinking how does a Debt Management Plan work for me?
Well, it's an agreement negotiated by us between you and the creditors you owe money to. We work out one monthly payment that you can reasonably afford, which will be distributed fairly to all your unsecured creditors. With a DMP you are, in effect, making a new promise to repay your debts in full.
Contact us to find out how to set up a Debt Management Plan Contact Us .
As licensed debt adjusters DEBTPLAN Direct can fully manage your Debt Management Plan for you, handling all future contact with your creditors and managing your monthly payments to them, or their appointed debt collector. There are costs involved, we charge an affordable set-up fee and, once you have started your DMP, a monthly management fee that is deducted from your monthly payment to us.
