Debt Management Plan (DMP) | Debt Free Advice

How does it work?

A Debt Management Plan (DMP) is an informal agreement between you and your creditors that allows you to repay your debts at a rate you can afford – and become debt-free in your own time.

A Debt Management Plan is set up and managed by a DMP provider, who helps you work out an affordable regular payment, deals with your creditors and distributes the money you pay back each month. Some DMP providers charge a fee for their services, but there are several free providers out there too.

You can use a DMP to pay off non-priority debts, such as credit or store cards, overdrafts and personal loans. However, it won’t cover things like court fines, council tax, or your rent or mortgage. And it may show up on your credit record, making it harder for you to get credit in the future.

It’s also worth noting that your creditors may not freeze the interest and charges on your debts, so the amount you owe may take longer to clear than you’d expect.

To make sure you’re aware of all the implications, it’s a good idea to get advice from a free, independent and expert service like ours.

Get in touch with our team today by calling 0808 164 2480 or filling in our short assessment form.

Get advice

What to expect

We’ll use the information you’ve given us on the phone or in your assessment form to establish the nature and urgency of your debt.
We’ll book you in for a face-to-face appointment at your nearest centre – or a telephone advice session if required – so we can give you a detailed analysis of the help available to you.
We’ll discuss your options and talk through the pros and cons of each.
We’ll establish the best possible solution and help you to resolve your debt – whether that’s by means of advocacy, representation or negotiation on your behalf, or by helping you write letters and supporting you throughout the process.

Every year, we help thousands of people to become debt-free.

Debt Free London is a partnership of 26 debt charities led by Toynbee Hall, which provides free, trustworthy advice sessions across London. Our service is funded by the Single Finance Guidance Body (previously Money Advice Service) and we’re authorised and regulated by the Financial Conduct Authority.

Find your nearest advice centre

Barking Learning Centre

2 Town Square

London

IG11 7NB

T: 0800 808 5700

Monday: 09.30 - 17.00
Tuesday: 09.30 - 17.00
Wednesday: 09.30 - 17.00
Thursday: 09.30 - 17.00
Friday: 09.30 - 17.00

A Debt Management Plan

How does it work?

Get in touch with our team today by calling 0808 164 2480 or filling in our short assessment form.

What to expect

Every year, we help thousands of people to become debt-free.

Find your nearest advice centre

Barking Learning Centre

Barking Learning Centre

Citizens Advice Brent

Citizens Advice Brent

Citizens Advice Bromley

Citizens Advice Bromley

Citizens Advice Hammersmith and Fulham

Citizens Advice Hammersmith and Fulham

South West London Law Centres - Croydon Office

South West London Law Centres - Croydon Office

Citizens Advice Waltham Forest

Citizens Advice Waltham Forest

Mary Ward Legal Centre

Mary Ward Legal Centre

Citizens Advice Southwark

Citizens Advice Southwark

Nucleus

Nucleus

Citizens Advice Sutton

Citizens Advice Sutton

Toynbee Hall

Toynbee Hall

Citizens Advice Islington

Citizens Advice Islington

Nucleus at the Lido Centre

Nucleus at the Lido Centre

Citizens Advice Southwark

Citizens Advice Southwark

Citizens Advice Sutton

Citizens Advice Sutton

Ingeus Hackney

Ingeus Hackney

Ingeus Islington

Ingeus Islington

Ingeus Haringey

Ingeus Haringey

Ingeus Tower Hamlets

Ingeus Tower Hamlets

Ingeus Kensington

Ingeus Kensington

Ingeus Hammersmith

Ingeus Hammersmith

Ingeus Wandsworth

Ingeus Wandsworth

Ingeus Lambeth

Ingeus Lambeth

Ingeus Lewisham

Ingeus Lewisham

Ingeus Ealing

Ingeus Ealing

Ingeus Hounslow

Ingeus Hounslow

Ingeus Harrow

Ingeus Harrow

Ingeus Barnet

Ingeus Barnet

Ingeus Brent

Ingeus Brent

Clapham Park Project

Clapham Park Project

Brickworks Community Centre

Brickworks Community Centre

Mary Ward Legal Centre

Mary Ward Legal Centre

Citizens Advice Croydon

Citizens Advice Croydon

Citizens Advice Croydon North East

Citizens Advice Croydon North East

Citizens Advice Haringey

Citizens Advice Haringey

Citizens Advice Harrow

Citizens Advice Harrow

Citizens Advice Havering

Citizens Advice Havering