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Moving an existing DMP to PayPlan

Moving an existing DMP to PayPlan

Unlike many other providers, PayPlan’s DMPs are FREE – free to set up, with no ongoing monthly charge. This means that every penny that you pay of your debt through a DMP with PayPlan goes towards paying off your debts.

Many UK debt management companies take a percentage of your payment every time you make a payment, just for administering your DMP.

If your current provider is charging you a monthly fee, or perhaps they are shutting down, the good news is that moving your DMP to PayPlan is very simple – you only have to get in touch with us by calling FREE on 0800 316 1833 from 8am to 8pm Monday to Friday or by completing our online form. We will assess your debt needs, ensure we recommend the best debt solution based on your current circumstances, and if that is a DMP, we will set up and administer this for free.

Get free debt help now

Let’s make life more affordable

You’re just two steps away from taking back control of your finances and freeing up more money for you and your family.

No impact on your credit score.

Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly

Sandra Daly

5 stars
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What is an IVA?

An Individual Voluntary Arrangement (IVA) is an agreement with the people you owe money to. You make affordable payments over a period of time (usually 5-6 years) and at the end, your remaining debts are written off.

What is a Debt Management Plan?

A debt management plan (DMP) allows you to pay back your creditors each month at an amount you can afford. The DMP lasts until you have repaid your debts in full or your circumstances improve.

What is a Self-employed IVA?

A self-employed Individual Voluntary Arrangement (IVA) is an agreement to pay back what you owe whilst still running your business. You make affordable payments over a period of time (usually 5-6 years) and at the end, your remaining debts are written off.

What is a Debt Relief Order?

A debt relief order is a solution available if you are not able to afford any payments to people you owe to. It freezes debts for a year at which time they are written off if your circumstances have not improved.

What is Bankruptcy?

Bankruptcy is a type of insolvency that involves applying to the court in order to clear your debts. There is an upfront fee and you may be required to make payments from your earnings into the bankruptcy for up to 3 years.
Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly

Sandra Daly

5 stars
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