A Debt Management Plan (DMP) is an informal agreement between you and the companies you owe money to that allows you to repay your debts in reduced payments that are more affordable for you.
Before setting up a plan, we’ll help you put together a budget that shows how much you can afford to pay to your debts each month after all your priority payments and living expenses have been covered.
Learn more about how your DMP payment is calculated and what’s taken into account →
If a DMP is an option available to you and you choose to go ahead with us, we’ll contact your creditors to explain your situation and let them know the amount you’ll be paying them going forward.
You’ll first have an assessment with one of our advisors – we can do this over the phone, on WhatsApp or Live Chat. We’ll create a budget with you to work out how much you can realistically afford to pay towards your plan.
If a DMP is an option available for you and you choose to go ahead with it, we’ll contact your creditors to explain your situation and let them know the amount you’ll be paying them through your plan.
In a DMP, you’ll make one payment to us each month, and we’ll do the rest. We’ll distribute your payment fairly between the companies you owe money to.
You can send messages, manage your plan, and keep track of your progress online with PayPlan Plus.
A DMP may be a suitable option for you if:
Note: A DMP is available nationwide, and we can also look to assist clients who are now residing abroad and have debts from the UK.
This includes wages, benefits or pension income.
As this is an informal arrangement, you can keep your arrangement private if you wish.
Instead of making separate payments, you’ll make one monthly payment to cover all your debts.
There’s no limit to how much debt or how many accounts you can include in a DMP, and it covers most unsecured debts, like:
Priority debts are debts that have been secured property or other assets, as well as utility bills or council tax.
They will need to be paid outside of the plan, and we’ll help you manage them in your budget.
We provide confidential debt advice to help you understand your options. Our advisors will listen to your situation, explain things clearly and help you decide what to do next.
We’ve helped thousands of people become debt-free. Read real reviews from people like you who’ve trusted us to help them find a solution.
I rely on DMP, they have been really helpful ,a very organised team and personal debt manager, always quick to respond to any question or query, ready to give advise…
Joyce
The plan itself is excellent, it is a struggle at times to find the money but we try and manage to pay on time, every month.
Kim
Staff are extremely helpful and considerate and are prepared to listen not judge
Susan
Great customer service they do all the work after the initial programme is set up unless one has change of circumstances
Michael
Since being with Payplan I have been able to relax and get on with my day to day life in the knowledge that my debts are being paid regularly and…
Pauline
Easy to manage, understanding staff that want to support and help you.
Amanda
I have received excellent service re my debt plan
Elizabeth
Payplan are a really helpful & friendly service for people that can’t see an end to their finance situation. Would highly reccomend to people in the same situation as I…
Lynn
A truly amazing service that has made a significant difference to the way in which I manage my debts i.e. I no longer have to (beyond making regular, affordable payments).…
Matthew
You can also check out reviews clients have left us on Trustpilot and Google.
Please note: Everyone’s situation is unique, and the support we provide will depend on individual circumstances.
We’ve put together a list of frequently asked questions about DMPs and we hope your query can be answered here.
To enter into and maintain a successful Debt Management Plan you will need to live within a budget, however this is discussed with you openly. PayPlan are required to submit your income and expenditure details to your creditors.
Remember that when we’re negotiating your DMP, it is in your interest if we can show your creditors you are prepared to stick to a realistic budget to help repay your debts.
We offer an absolutely confidential service from start to finish, so PayPlan will never force you to tell your partner about your debt situation, although support is available if you wish to tell them.
A DMP doesn’t usually affect your partner’s credit rating, but if you have a financial association, such as shared debts or guarantor debts, then it could do.
Whenever we contact a client we take great care to avoid divulging the nature of our call to anyone but the client.
A DMP will only help you make reduced payments to your unsecured creditors, therefore the debts that can be included are:
Secured debts can’t be included in DMPs because any payments on secured debts that aren’t met in full, can lead to the goods being repossessed. This website provides details on house repossession and car repossession, which are all consequences of not maintaining mortgage or hire purchase payments.
Let’s make your debt 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.
Getting advice has no impact on your credit score.
Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly
Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly