Debt Management Plan (DMP)

A Debt Management Plan (DMP) is a plan that we manage on your behalf negotiating an agreement with your creditors to pay less than your contracted payments each month.

A Debt Management Plan is an informal agreement with creditors to repay what you can realistically afford each month.  A debt management plan is often suitable as a short term breather or a long term structured repayment plan.  You pay Women In Debt a single payment each month and we distribute this minus our fees each month you will then receive a statement telling you who we have paid and how much we have paid them.  Most creditors will accept payment plans once we open negotiation with them and they deal with us not you, some even freeze interest although this is not guaranteed.

Advantages

• Quick to set up and we take over dealing with your creditors
• One simple payment to Women in Debt each month pays all of your credit commitments
• Once agreed creditor hassle should reduce/cease
• Confidential and will NOT affect your job

Disadvantages

• An informal agreement with creditors
• May extend the term total amout payable
• Interest and charges may not be stopped

Dont forget we offer FREE debt help and advice, we won't charge you a penny - So why not call and talk to our friendly debt advisors and get the debt advice and help you need.  We will not judge or criticise, just listen and help - call now on 08000 886 676 or complete our FREE online Just-A-Minute Debt Test

If for whatever reason you feel you can't talk then click to download our Free Debt Enquiry Form, complete it in the privacy of your own home and send back to us using the freepost address on the form.

Whatever you choose to do you are not alone and if you can't share your debt worries with loved ones then share them with us!