Debt Management Plan FAQ

How to get a mortgage during a debt management plan. What problems will you face? Is it better to wait until your debts are paid?

Why is it difficult to add a CCJ to a DMP? Can you pay the debt separately? Are there better debt solutions for dealing with a CCJ?

It is possible to add debt to an existing Debt Management Plan? What are the likely consequenses? What if your Plan Provider will not help? How to avoid borrowing more during your Plan.

What is a windfall? Can you keep any windfall received during the Plan? Could you use it to settle your Plan early?

What is the minimum payment for a DMP? Can you increase the payment once agreed? What if you cannot afford the minimum? What are the other options?

Are you allowed to leave debt out of a DMP? Which debts have to be left out? Can you continue using any credit during the Plan?

Can you keep overtime during a DMP? Should you increase your monthly payments? Using a lump sum during your DMP to settle smaller debts.

How to get a Debt Management Plan if you are self employed. Can business debts be included? Will you have to change your bank account?

How to calculate how long your Debt Management Plan will last. Could the Plan last longer? How to pay off your Plan more quickly.

Should you open a new bank account if starting a debt management plan? If so which type is best? Is it worth paying for a managed account?