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Frequently Asked Questions
Please find below a selection of frequently asked questions regarding IVA's;
Debt Management Plan (DMP) Frequently Asked Questions
What is a DMP?
A DMP (Debt Management Plan) is an informal contract set up between yourself and your creditors which attempts to reduce your multiple monthly payments to just one which you can realistically afford.
When creating a DMP, we will attempt to freeze your interest payments, although creditors are not obliged to do so, as this is an informal agreement. For more details of a formal agreement, please see our section on IVA's.
Do I qualify for a DMP?
Most people are eligible for a DMP if they have £2,000 or more owing to 2 or more creditors. To confirm your eligibility, please fill in our short evaluation form and we will call you to discuss how we can help in your individual circumstances.
Will I loose my home?
Our aim is to get you debt free ASAP. Unfortunately we cannot guarantee that your home will not be at risk, but we can do our best to help you to avoid repossession. Please speak to one of our advisors on 0800 007 6277 to discuss this or alternatively feel free to take our free online evaluation and we will call you to discuss your needs further.
Where can I find out more?
You can visit our DMP page for further information on Debt Management Plans here. You can also request a call back here. You are welcome to call us on Free phone 0800 007 6277 to discuss your needs if you are unsure which option is right for you.
Please find below a selection of frequently asked questions regarding IVA's;
Debt Management Plan (DMP) Frequently Asked Questions
What is a DMP?
A DMP (Debt Management Plan) is an informal contract set up between yourself and your creditors which attempts to reduce your multiple monthly payments to just one which you can realistically afford.
When creating a DMP, we will attempt to freeze your interest payments, although creditors are not obliged to do so, as this is an informal agreement. For more details of a formal agreement, please see our section on IVA's.
Do I qualify for a DMP?
Most people are eligible for a DMP if they have £2,000 or more owing to 2 or more creditors. To confirm your eligibility, please fill in our short evaluation form and we will call you to discuss how we can help in your individual circumstances.
Will I loose my home?
Our aim is to get you debt free ASAP. Unfortunately we cannot guarantee that your home will not be at risk, but we can do our best to help you to avoid repossession. Please speak to one of our advisors on 0800 007 6277 to discuss this or alternatively feel free to take our free online evaluation and we will call you to discuss your needs further.
Where can I find out more?
You can visit our DMP page for further information on Debt Management Plans here. You can also request a call back here. You are welcome to call us on Free phone 0800 007 6277 to discuss your needs if you are unsure which option is right for you.
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