Debt Management Plan FAQ

What happens to my house in a DMP?

You do not have to release equity if you use a Debt Management Plan (DMP). Can mortgage arrears be included? Is your property at risk of Charging Orders?

Will my Creditors agree to my DMP?

Your creditors do not have to agree to your Debt Management Plan (DMP). What can you do if one of your creditors says no? Will interest and charges be frozen?

What is the Debt Management Protocol?

A set of standards for Debt Management Plan Companies. What are the rules? Is it mandatory for companies to follow them? What difference will they make?

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