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What is a DMP?

What happens during a DMP?

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Debt Management Plan (DMP)

Through our experience with Debt Management Plans we know when it's the right solution. Quickly find out if a Debt Management Plan is right for you with our three simple steps

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Typical Example from all our customers who were recommended a Debt Management Plan

This average example shows how these customers’ payments were made more affordable each month.

Typical Example

Personal unsecured debt


Number of lenders


Previous monthly debt repayments


New monthly debt repayments


We are able to reduce monthly repayments by carefully reviewing your finances and putting forward realistic recommendations to your lenders.

These figures are based on the averages across all Debt Management Plans arranged for customers in 2015. We assess each customer individually based on their circumstances, and payments to the Debt Management Plan are based on what is realistic and affordable. If you complete your Debt Management Plan all debts included will be repaid in full.

On average our customers monthly payments reduce by £252 with a Debt Management Plan

If you're struggling with debt, a Debt Management Plan could help you reduce your monthly repayments.

It could make your repayments more affordable

So you'll still be paying off your debts...but in a way that's not leaving you struggling with other living expenses.

We'll negotiate with the people you owe money to

We will explain the situation you're in and ask them to accept a lower monthly repayment from you; and to freeze any interest and charges on your lending. They're not obliged to agree but we'll work to show them why it's in their interest (as well as yours) and keep you informed every step of the way.

It may take you longer to repay your debts

And it could mean you pay more in the long run. But at least you will have some breathing space every month.

It can be a flexible solution

A Debt Management Plan doesn't have to be a long term solution. It can be a temporary measure to help you manage your finances until your circumstances improve.

Answer a few questions online, find out if a DMP is right for you

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DMPs are available subject to eligibility and acceptance, alternative solutions may be offered. Fees payable if continuing service are provided. Our fees are explained here.

To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.

A Debt Management Plan could reduce your monthly repayments down to a level you can afford

The alternative to Debt Management Plans in Scotland

Debt Management in Scotland

Debt Management Plans (DMP) are available across the whole of the UK, including Scotland. Debt Management Plans in Scotland work in exactly the same way as everywhere else. They allow you to continue making repayments towards your unsecured debts by offering your lenders new, lower repayments.

These repayments will be affordable for you. They'll take into account the money you need for essentials, like your rent and mortgage.

However, if you live in Scotland, a Debt Arrangement Scheme (DAS) may be a more suitable option than a Debt Management Plan.

Debt Arrangement Scheme

Debt Arrangement Scheme is available exclusively to Scottish residents. It allows you to make lower repayments towards your unsecured debts for a longer time. You'll do this through a Debt Payment Plan (DPP).

All interest and charges will be frozen on a Debt Arrangement Scheme. And, as the DPP is legally binding, your lenders can't take further action against you, as long as you keep up your repayments.

A Debt Arrangement Scheme will affect your credit rating negatively because you're lowering your monthly repayments. Your details will also be recorded in the publically available Debt Arrangement Scheme register.

Find out more about Debt Arrangement Schemes.

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What will happen during a Debt Management Plan...


A Money Advisor will gather the information needed to assess your situation. They will explain your options and help you decide if a Debt Management Plan (DMP) is right for you


If a DMP is the right solution for you, a Money Advisor will work out a DMP proposal

We then ensure you read and understand the documents before signing


Your lenders are then presented with the proposed offer of payments

Once accepted the DMP is then set up as agreed


We take care of everything and are always on hand to help you through your DMP

Once your arrangement is fulfilled, you will be free from debt

With a Debt Management Plan, only the money you can afford goes towards paying your creditors

More about Debt Management Plans

Debt Management Plans are affordable for you

We'll work out how much you need to cover all your essential living costs, so that whatever you pay towards your debts whilst on the plan is affordable and sustainable.

Credit rating

A Debt Management Plan (DMP) will affect your credit score and will stay on your credit file for six years. Your details won't appear on the Insolvency Register though, as a Debt Management Plan is not a formal debt solution.

Interest and charges

It's not guaranteed, but many lenders choose to freeze interest and charges on your debts, if they can see that you need help paying the debt back.

You'll pay the whole debt back

On a Debt Management Plan you get the chance to pay back everything you owe, but at a rate that's affordable for you.

It'll give you the breathing space you need

Sometimes all you need is some time to get on more secure financial footing and a Debt Management Plan could give you that. It's possible to go on a Debt Management Plan temporarily and, if your circumstances change and you find that you can resume your normal payments, you won't be locked into it.

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For further information about Debt Management Plans

Our promise to you

You will not be called by a call centre

Our experienced, money advisors will only call at a time convenient for you - and then be your single point of contact

We'll take care of everything

From finding balances to dealing with your lenders - your qualified Money Advisor will do it all for you!

DAC look to help everyone

We have helped over 400,000 people with a range of solutions - it's important we find the right one for you

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Find out if a Debt Management Plan is the right solution

Talk with your personal Money Advisor today

If you are interested or would like more information, talk through your options with one of our experienced money advisors

0161 605 4810

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Latest articles from our blog

Latest blog articles

Advantages and disadvantages of a debt management plan?

Posted by: Shelley Bowers

December 19 2015

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Thinking of entering into a debt management plan? Find out the advantages and disadvantages here.

If you're on a debt management plan and your income rises – what happens?

Posted by: Shelley Bowers

September 29 2015

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So your income has gone up and you're not sure what you should do about it – read our guide to find out.

What's the difference between an IVA and a DMP?

Posted by: Shelley Bowers

December 18 2015

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Two common debt solutions are IVAs (Individual Voluntary Arrangements) and DMPs (Debt Management Plans), but what's the difference between them?

Based on Feefo.com reviews - 99% of customers who left a Debt Advisory Centre review recommend us with an average rating of 4.9 out of 5 from 311 reviews left by Debt Advisory Centre customers (as of June, 2016)