Debt Management Plans (DMP) are a flexible way to end debt problems and sort out your finances. Within 24 hours of your request we at Debt Lands could set up a new debt management plan to suit your needs and put a stop to the endless calls and letters from your creditors.
Debt Management Plans (DMP) are an affordable, flexible way to become debt free.
- Affordable monthly payments
- Flexible plan
- Only pay what you can afford
- Stop creditors calling
What is a great Debt Management Plan (DMP)
A Debt Management Plan could be the perfect solution to all your debt problems. Here at Debt Lands we are waiting to provide debt advice and add you to our thousands of satisfied customers. Below is a list of just some of the benefits of our Debt Management Plans:
- You will no longer have to deal with creditors
- Interest and charges on your debt can be reduced, or even frozen
- A Debt Management Plan allows you avoid taking out a loan to dispel your debts
- One affordable monthly payment tailored to needs makes payment stress free and easy
- With a Debt Management Plan you can be put back in charge of your finances
- Your home will not be put at risk
What you should know about Debt Management Plans (DMP)
We at Debt Lands are keen to give our clients the best service and debt advice, and we promise to do everything we can to set you onto the path that leads to a debt free life. This includes making sure that we only give you advice that is suitable to you. Below are some of the possible pitfalls to look out for when considering a Debt Management Plan:
- Payments may be extended over a longer time period in some instances
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After you are debt free, if a default notice has been issued the effect is likely to remain on your credit record for 6 years.
- You must continue to make your payments in full towards any mortgage, your utility bills and Council Tax payments.
- Debt secured on assets or tax arrears are no covered on Debt Management Plan
- Creditors may continue to call in certain cases
How does a Debt Management Plan (DMP) work to make you debt free?
- Step 1 - A trained assessor will carry out an in depth financial assessment
- Step 2 - We will contact all of your creditors to find out what exactly you owe.
- Step 3 - Based on your income and expenditure an assessor will work out what you can afford to pay.
- Step 4 – We create an action plan and manage it for you. Each month we will pay out an appropriate portion of waht you own to your creditors.
- Step 5 – With Debt Lands in charge of your case, you can reast easy in the knowledge that your debt problems are being managed professional and no longer be frightened every time the phone rings.
- Step 6 - You are given your own personal advisor who is fully aware of your debts which saves you from having to speak to different people each time you call
