A debt management plan (DMP) helps individuals or households manage,
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.
Getting Free Impartial Advice
The Money Advice Service is an impartial service set up by the Government. They provide free debt counselling, debt adjustment and credit information services. visit moneyadviceservice.org.uk
We have the right solution for you
Debt Reverse currently has repayment plans set up with 1,000s of creditors on behalf of our customers. Through these working relationships we are able to set up debt management plans that allow our customers to reduce their monthly repayments in line with what they can afford, we can also reduce or freeze interest and stop further charges being added to their accounts. If you are currently in debt, search our creditor directory to see if we work with your creditors.