|
A debt management plan (DMP) helps individuals or households manage their debts when they are unable to maintain their contractual payments to their creditors due to financial difficulties.
A debt management plan (DMP) allows you to combine all of your unsecured debt repayments into a single monthly payment that is affordable to you. Unsecured debts can include: credit cards, debt collectors, household bills, payday loans, store cards and catalogues and unsecured loans and overdrafts.
Depending on negotiations with your creditors it may also be possible to freeze interest and stop charges on your account meaning that your monthly payment will go towards paying off your balance – resulting in you clearing your debts sooner.
A debt management plan (DMP) is not legally binding meaning that you are able to cancel the agreement at any time. You can also vary your monthly payment depending on your circumstances.
NEW Specialist payday loan debt management plan. At Debt Reverse we are one of the only companies to offer a specialist debt management repayment product. We will put together a debt management plan that will focus on your high interest payday loans; we will immediately begin negotiating with your payday loan companies and request that they freeze interest and stop further charges on your accounts. Click here to find out more about our payday loan debt help product
debtreverse.co.uk
is ranked
9.6 out of 10.
Based on679 user reviews.
|