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What Paperwork is required to start a Debt Management Plan?

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?

Can I have a bank account if I start a Debt Management Plan?

Is it essential to have a bank account if you start a Debt Management Plan? Can you keep your old account? How to open a new one.

Should I pay for a Debt Management Plan or use a free service?

Is it worth paying for a Debt Management Plan? Information about free DMP services. The benefits of paying for a DMP service.

If I start a DMP do I have to open a new bank account?

Should you open a new bank account when applying for a Debt Management Plan? How and when to open a new account. Managing wages if paid into an old account.

New Bank Account for a Debt Management Plan

Do you need a new bank account if starting a DMP? Which bank should you choose? What type of account should you open? When to start using it.

When should I start a Debt Management Plan?

When is the right time to start a Debt Management Plan? Are you paying bills by borrowing more? What happens to your credit rating? Are there alternatives?

How to choose the right Debt Management company

Choosing the right debt management company is important. Make sure they are licensed. Do you want help with a DMP or IVA? Are you comfortable with the advice?

If I do a DMP what living expenses are allowed?

You are allowed reasonable living expenses if your start a DMP. How to create your budget. What are realistic figures? Will your creditors agree? Can you save?

Including the cost of children in a DMP

What expenses can you include for your children if you start a DMP? What if they are no longer at school? What if your creditors reject you expenses budget?