A DMP is a personalised plan designed to help you manage your debts in a way that is affordable and realistic for you. It involves making a single monthly payment to us, which we then distribute to your creditors on your behalf. This ensures that your debts are being paid off in a timely manner and helps to avoid any late fees or penalties.
One of the main benefits of a DMP is that it can help to reduce your monthly payments. We work with your creditors to negotiate lower interest rates and potentially waive fees, which can help to lower your overall debt. Additionally, a DMP can help to simplify your finances by consolidating multiple debts into one manageable monthly payment.
Another benefit of a DMP is that it can help to stop harassing creditor calls and letters. Once you enrol in a DMP, we become the main point of contact for your creditors, which can help to alleviate some of the stress that comes with managing debt.