Debt Management Plan
DMP can be a good short term fix to a debt problem. Every one of your lenders is prepared to be flexible in different ways. Depending on your lenders they may be prepared to:
- Take a 'payment holiday' giving you some breathing space
- Freeze interest and charges on your debts for a period
- Reduce interest and charges on your debts
- Agree a temporary lower payment on your debts
- Or a combination of the above
When you tell us who your lenders are we can let you know what they may agree to.
To understand more about Debt Manangement Plans also see:
Criteria
Considerations
Costs
Merits
Our FREE Credit Report will tell you which solution may be best for you.