Debt Management Plan Pros and Cons

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  • We do allthe work of writing letter and contacting allyour creditors for you and you don’t have to worry about a thing.
  • There is one single payment to make every montth – this will be to the Debt Management Organisation – and the company that makes payments to each creditor.
  • You don’t have to pay different companies. Only a single payment will be made.
  • If we organise the DM plan properly there will be no more Interest or charges.
  • You only pay what you can afford than you will have enough to enjoy a normal life.
  • In order for the debt to be paid down you won’t have speak to creditors we do that for you.


  • A lot of debt information is needed.
  • Debt Management Plans have no legal standing.
  • If your monthly payment is low and your debts are high them you will most likely be in a plan for the rest of your life.

Debt that is not included

Other types of debt that are not included are:

  • Secured loans
  • Leases (property)
  • Hire purchase
  • CSA / Maintenance arrears
  • Car loans (if secured against the car)
  • Rent
  • Council Tax arrears
  • Student Loan repayments.