Debt Management is a term used often when discussing people in debt. But what is it? If you start a Debt Management Plan (DMP) then the company running it will pay all your unsecured debts for you. You will pay the company. This amount that you pay will be less than what you are currently paying to your individual credit card and loan companies.
It is important to remember this is not a loan. You are not borrowing any more money. You are simply allowing the debt management company to take control of your debt so the individual companies you owe money to no longer chase you – write to you – or call you.
You should really only consider debt management if you are struggling with your monthly payments or actually making late or missed payments. By completing our short form we can put you directly in touch with a company that can offer you debt advice
and debt help
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