When might a Debt Management Plan (DMP) be suitable for me?
When might a Debt Management Plan (DMP) be suitable for me?
If you can repay your unsecured creditors in full, but the contractual repayments are too high, a DMP allows you to pay in smaller amounts over an extended period of time. Alternatively, you may simply need a temporary breathing space to deal with a poor financial situation, knowing that it’s only a short-term issue.