What is Debt Management?

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 licensed 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
  • 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..