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Debt Solutions
Debt Solutions
DMP (Creditor Funded)
A Debt Management Plan is an informal arrangement with creditors where we negotiate on behalf of your customer to agree an affordable monthly payment plan and wherever possible get the charges and interest frozen. However, there is no guarantee that the interest and charges will be stopped but we will endeavour to achieve this whenever possible.
Where the Creditor funds the DMP all of the customers payment goes towards paying their debt which means their debts are cleared significantly quicker.
Partner Benefits
- Accelerated return on outstanding debt
- White labelled advice service
- Customer retention/rehabilitation
- Prioritises secured lending
- Full account management support including training and reporting
- Dealing with an accredited and ethical solution provider
Customer Benefits
- Debts cleared more quickly
- One affordable monthly payment
- Interest and charges frozen whenever possible
- Provides for priority payments such as rent, mortgage, council tax, food etc
- Last two payments of plan paid by us
Our required criteria for Debt Management
- Customer has £5k or more of unsecured debt
- Owes money to 2 or more creditors
- Has a minimum of £100 per month to pay towards their debts
- Is employed/self-employed
- Has a desire to resolve their debt problems