What is a Debt Management Plan?

A Debt Management Plan is an agreement between you and your creditors to pay all of your debts.

Debt management plans are usually used when either:

You can arrange a plan with your creditors yourself or through a licenced debt management company for a fee. If you arrange this with a company:

Find out if you qualify


  • One affordable payment to the DMP company – if you use a licenced debt management company.
  • Flexible – payment can move, increase or decrease depending on circumstances.
  • Creditors may agree to reduced payments and freeze interest and charges, but are not obliged to.
  • Certain charities and organisations will do this free of charge, you can contact the MAS for more information.


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