Debt Management Plan Advice
Manage Your Debts
Putting you back in control of your debt.
Learn more about Debt ManagementPlans from our advisors.
- Affordable monthly payment
- A chance to freeze interest
- Call us in confidence today
Debt Management
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Putting you back in control of your debts
Debt Management can be an excellent solution to manage your debts, but it will depend on your individual situation. For example, an IVA (Individual Voluntary Arrangement) or another debt solution may be of more help, so it’s worth talking to us first.
When considering debt management, you should also be aware that unlike an IVA (Individual Voluntary Arrangement), it is not a legally binding agreement. There may be other debt solutions available that are more suitable to manage your debt, so call us first to find out more.
Call us now on 0800 083 1433
Calls from mobiles and other networks to 0800 numbers may incur a charge. When you speak to us, ask us to call you back so that you do not have to pay for the call.
Video Player – What is a Debt Management Plan?
View and learn about Debt Management Plans (DMPs), and how they could be used to reduce the monthly repayments on all of your unsecured debt.
debt management
Learn more about Debt Management Plans, call us now on 0800 083 1433.
Debt Management Pros and Cons
Debt Management Pros
- Monthly payments are affordable
- Interest is sometimes frozen
- We will deal with all of your creditors
- Your home will not be at risk if you keep up payments
- You have access to help if creditors contact you
- Your friends and family don’t have to know
Debt Management Cons
- Not legally binding
- Creditor’s can still contact you
- The debt does not go away (it can get worse)
- A DMP can take a long time to complete
- Your credit rating will be affected
- Interest can sometimes continue to build up
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Customer Reviews
Mrs H LockleyDebt: £44,000
Solution: IVA
Best Advice Model
At Debt Free Direct, before we recommend any course of action, we will take a detailed look at your individual situation. We use our Best Advice Model to ensure we only give you one solution – the RIGHT solution.
Whether this is an IVA, consolidation loan, debt management plan, remortgage or, as a last resort bankruptcy, our advice will be based solely on your particular circumstances.
Please note that a Debt Management Plan may:
- Lead to an increase in the sum to be repaid
- Lengthen the repayment period
- Additional fees or interest may be charged by your creditors
- Credit rating may be effected if not already so
Call us now on 0800 083 1433.
Calls from mobiles and other networks to 0800 numbers may incur a charge. When you speak to us about debt management, ask us to call you back so that you do not have to pay for the call.