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Can I use a joint bank account if I do a DMP?

It is possible to keep a joint bank account if you start a Debt Management Plan. What if you have other debts with the bank? Who is liable for any overdraft?

Do all my creditors have to accept my DMP payments?

Not all of you creditors have to accept your DMP. How long will it take for them to accept? What if a creditor rejects? How to manage threats of legal action.

How will a VAT increase affect my DMP

Will a VAT increase affect your Debt management Plan? Will it mean you need to start a DMP? How to prepare for a VAT increase.

Do I have to have payment arrears before I start a DMP

Can you start a Debt Management Plan before you get into payment arrears? Is it best to start your Plan before payment arrears become bad?

Should I take a Consolidation Loan or do a DMP?

  • BeatMyDebt
  • 24 Sep 2010

Is it best to get a consolidation loan or use debt management to resolve a debt problem? The issues with consolidation. When should you use debt management?

Start a Debt Management Plan

Essential information about how to start a Debt Management Plan (DMP). Decide whether to do it yourself or get help. How much should you pay into the DMP?

Debt Management Plan

Key Debt Management Plan information. What is a DMP and is it right for you? What does a DMP cost? How to start a Debt Management Plan.