Debt Management Plans
A debt management plan allows you to consolidate your debts into one monthly affordable payment.
Why the benefit of a Debt Management Plan?
A Debt Management Plan (DMP) could be the answer you are looking for. DMPs help make the unaffordable, affordable – providing reduced monthly payments over a longer period of time so that you can finally start putting those debt worries behind you.
We understand how important it is to make sure your finances are in order and will collaborate with you on a budget tailored specifically for your household. And if Debt Management Plan (DMP) fits into the picture, we’ll provide professional guidance every step of the way to ensure its success!
Advantages & Disadvantages of a Debt Management Plan
What debts can be included in a Debt Management Plan?
What debts can't be included in a Debt Management plan?
Will my Debt Management Plan be accepted by the creditors?
While creditors may prefer reduced payments in a debt management plan to no payment at all, they are under no obligation to accept it. In order for them to agree with your proposed debt management plan, you need be able prove that without it there would be little chance of recovering the money owed.
By agreeing on a manageable repayment schedule through this proposal an alternative solution is offered rather than pursuing legal action against you – something many creditors do not wish to undertake due their associated costs and time constraints.
Ultimately, if presented correctly by demonstrating affordability can lead towards acceptance from creditors while still meeting mutual goals.
Why choose Advice Debt?
We can help you, today.
We all know how difficult it can be to manage our finances when we’re juggling debt and an ever-changing financial situation. That’s why we are here for you today offering expert advice that will put your mind at ease! We’ll work with what matters most, getting out from under the load of persistent debts so they don’t continue weighing down on every aspect of life.
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Is a DMP right for you?
We can discuss your eligibility.
Prefer to speak later?
We will offer guidance, support and a solution at a time that suits you.