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Learn about Debt Management Plans
A debt management plan is an informal arrangement between you and your creditors to pay back the debt you owe them in more affordable amounts.
What is a Debt Management Plan?
A Debt Management Plan is a product designed to help people who are struggling with their debt. Our partners work on your behalf to try and make your finances more manageable by negotiating lower monthly payments with your creditors.
The majority of our partners will examine your income and expenditure and assess what you can afford as a monthly payment to repay your debts. They will then speak to and negotiate with your creditors for you.
You make one payment to the debt management company, who in turn deal with and pay your creditors directly.


