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Debt Management Plan

Debt management plans are not right for everybody, but there are times when it can be the ideal solution for people who find themselves unable to keep up with their bills and debt payments.


This guide will help you understand what a debt management plan is, how it works, and whether or not a debt management plan is the right solution for your financial situation.

Secure & confidential


Rated 4.6 Excellent

FCA Regulated

National Debt Advice is regulated by the Financial Conduct Authority to give Debt Counselling Advice to people who are struggling with debt.


To find out more about managing your money and getting free debt advice, visit Money Helper, an independent service set up to help people manage their money. National Debt Advice is not associated with Money Helper.

What is a DMP?

A debt management plan (DMP) helps you to manage your debts and pay them off at a more affordable rate by making reduced monthly payments.

Benefits and Risks

Benefits of a DMP:

You’ll only pay what you can afford to your creditors after we put together a monthly household budget

If you’ve fallen behind with your household bills you can add the arrears to your DMP to help, get your accounts back up to date. You'll still need to make your regular ongoing monthly payments.

You'll make one monthly payment to the DMP fir, and they will manage the payments to your creditors for you

Your DMP will be reviewed regularly to make sure you’re paying what you can afford

Risks of a DMP:

Some of your creditors may still contact you

Most creditors will agree to reduce or stop interest and charges, but they don’t have to

If creditors continue adding interest and charges, this could increase the total amount you currently owe

Your creditors don’t have to agree to your reduced payments, but we’ll still send your payments anyway

How do I apply for a DMP?


Find out if a DMP is the right debt solution for you. Use our online calculator to get debt help or speak to one of our expert advisors.


If we recommend a DMP we’ll refer you to a 'personal action plan' with information about getting it set up and support you during this process.


Once we have the all information we need, we'll refer you to one of our DMP partners who will contact your creditors and you start making payments to them through your DMP.

Other debt solutions you could qualify for:

A legal process that can provide relief for those struggling with debt.

A legally binding arrangement in Scotland.

A legal process that can help people in England and Wales.

Government Debt Respite Scheme.

Provide some relief from debt repayments.

Debt Management Plans can be the ideal solution.


Why choose National Debt Advice?

We can reduce your monthly payments!* Not only that but we're:

An FCA Regulated Debt Counselling Service

Have a 24/7 Live Chat Support

Have excellent reviews on Trustpilot

We give impartial and confidential advice


*Monthly payments are based on individual financial circumstances.

Our Values

Here’s an idea of what the process looks like:

Get Started

Complete the Debt Calculator 

Talk to Us

Speak to an FCA

Regulated advisor

You Choose

Choose a debt solution that best suits you and relax

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