A Debt Management Plan (DMP) is an informal agreement between you and the companies you owe money to that allows you to repay your debts in reduced payments that are more affordable for you.
Before setting up a plan, we’ll help you put together a budget that shows how much you can afford to pay to your debts each month after all your priority payments and living expenses have been covered.
Learn more about how your DMP payment is calculated and what’s taken into account.
If a DMP is an option available to you and you choose to go ahead with us, we’ll contact your creditors to explain your situation and let them know the amount you’ll be paying them going forward.
You’ll first have an assessment with one of our advisors – we can do this over the phone, on WhatsApp or Live Chat. We’ll create a budget with you to work out how much you can realistically afford to pay towards your plan.
If a DMP is an option available for you and you choose to go ahead with it, we’ll contact your creditors to explain your situation and let them know the amount you’ll be paying them through your plan.
In a DMP, you’ll make one payment to us each month, and we’ll do the rest. We’ll distribute your payment fairly between the companies you owe money to.
You can send messages, manage your plan, and keep track of your progress online with PayPlan Plus.
A DMP may be a suitable option for you if:
Note: A DMP is available nationwide, and we can also look to assist clients who are now residing abroad and have debts from the UK.
This includes wages, benefits or pension income.
As this is an informal arrangement, you can keep your arrangement private if you wish.
Instead of making separate payments, you’ll make one monthly payment to cover all your debts.
Discover more about the pros and cons of a DMP. We're here to guide you through your options and suggest the best solution for your needs.
There’s no limit to how much debt or how many accounts you can include in a DMP, and it covers most unsecured debts, like:
Priority debts are debts that have been secured property or other assets, as well as utility bills or council tax.
They will need to be paid outside of the plan, and we’ll help you manage them in your budget.
We provide confidential debt advice to help you understand your options. Our advisors will listen to your situation, explain things clearly and help you decide what to do next.
We’ve helped thousands of people become debt-free. Read real reviews from people like you who’ve trusted us to help them find a solution.
Great customer service they do all the work after the initial programme is set up unless one has change of circumstances
Michael
Payplan have helped me in more ways than just a debt. It has changed the way we live! not just budgets but solutions! learning to cook/bake to save pennies. days…
Joanne
Our contact is always there to help should we have a problem or need help or assistance.
Julie
Staff are extremely helpful and considerate and are prepared to listen not judge
Susan
PayPlan were friendly and very clear on what i had to do they helped all the way and kept me informed of everything that was happering.
Christopher
Took the stress and frustration out of paying debts
Karen
The plan itself is excellent, it is a struggle at times to find the money but we try and manage to pay on time, every month.
Kim
A truly amazing service that has made a significant difference to the way in which I manage my debts i.e. I no longer have to (beyond making regular, affordable payments).…
Matthew
I rely on DMP, they have been really helpful ,a very organised team and personal debt manager, always quick to respond to any question or query, ready to give advise…
Joyce
You can also check out reviews clients have left us on Trustpilot and Google.
Please note: Everyone’s situation is unique, and the support we provide will depend on individual circumstances.
We’ve put together a list of frequently asked questions about DMPs and we hope your query can be answered here.
Let’s make your debt more affordable
You’re just two steps away from taking back control of your finances and freeing up more money for you and your family.
Getting advice has no impact on your credit score.
Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly
Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly