Debt Management Plan

If you are struggling to make your repayments – after paying your essential living costs each month – a Debt Management Plan could be the best option for you.

Benefits:

• Reduce your stress – and your debt. Debt Free Helpline deals with your creditors for you. We will even negotiate with these companies to stop interest and charges on your debts.
• Flexible. If the unexpected happens, we can change your plan to suit what you can afford to pay.
• Save time and money with just one affordable monthly payment.

How does a Debt Management Plan work?

With a Debt Management Plan, you pay off your credit commitments in one affordable monthly payment.

When you start your plan, one of our debt management experts will help you work out what you can afford to pay. Then we’ll negotiate with your creditors for you (‘creditors’ are the companies you owe money to).

When we negotiate with your creditors, our aims are to:

• Reduce your monthly debt payment you pay what you can afford
• Deal with your creditors on your behalf in order to stop them contacting you

You won’t have to attend any meetings or talk with your creditors – so long as you stay on the Debt Management Plan. We manage everything for you.

Find out more about:

Debt Management FAQs
Debt Management Alternatives

Further Debt Help and Advice
Try our Debt Calculator

Subject to availability and acceptance. Debt write-off applies on the completion of and Individual Voluntary Arrangement. Alternative solutions may be offered. Repaying debt over a longer period of time may increase the total amount to be repaid. Your ability to obtain credit will be affected in the short term and might be affected in the medium to long-term.