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Debt management

What is a Debt Management Plan (DMP)?

A Debt Management Plan is an informal agreement between you and your creditors to pay back what you owe at a rate you can afford. All your creditors would be contacted and provided with a financial statement explaining your circumstances. Offers and payments based on your disposable income would then be made to each creditor. You’re kept fully informed by monthly statements and annual summaries.

If I have a claim running how can debt management plan help?

You may be struggling to pay priority payments like mortgage, rent, council tax and general living expenses. A debt management plan can help by negotiating with ALL your creditors and reducing your payments down to a level you can afford to pay every month.

If you are interested please visit Credit & Loan Management Ltd