Paperwork is normally required to start a Debt Management Plan? What paperwork do you need if you manage the Plan? What if you use a debt management company?
Debt Management Plan FAQ
Can you start a Debt Management Plan if you are self employed. Can business debts be included? Will you have to change your bank account? What if you are a company director?
Is it possible to change your debt management company? How to switch to a new provider. Can you start managing you own Plan? Could you stop and use a different solution?
A CCJ cannot normally be included in a DMP. Can you leave the debt out? Can you change the payment? Can you get a CCJ during a DMP? Is a DMP the best solution?
Are you allowed to leave debt out of a Debt Management Plan? Which debts have to be left out? Can you keep a credit card during the Plan? What happens to joint debts?
DMP payments are based on what you can afford. How this is calculated? Should you pay as much as you can? What if your creditors reject your payments?
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.
Are you allowed to take a holiday during a Debt Management Plan? What is the best way to pay for it? Can you miss payments? Can save towards a holiday during your Plan?
Can you have a bank account if you start a Debt Management Plan? Will you need to open a new account? The type of account to apply for. Should you pay for a managed bank account?
You cannot guarantee interest will be frozen in a Debt Management Plan. What can you do to get interest frozen? Should you use an alternative debt solution?