Debt Management Plan | Debt Help | Debt Advice | Ireland
What is a Debt Management Plan?
A Debt Management Plan also known as a DMP is a debt solution for people who cannot afford their debt repayments. It is an informal arrangement between you and your creditors that enables you to repay your debts at a rate which is affordable to you. We can manage your DMP on your behalf. We will contact all your creditors and speak to them on your behalf and work out the terms of the DMP agreement for you.
What are the benefits of a Debt Management Plan?
If you have debts from around €2,000 + a Debt Management Plan could be a very good debt solution for you. Below we have outlined some advantages and disadvantages of being in a DMP.
How long does a Debt Management Plan last?
There is no set length of time for a Debt Management Plan to last. The period of time that a DMP will last depends on the following:
You may want to remain in the plan until the debt is cleared, or you may see it as a temporary measure. You may want to clear your debts as soon possible, every situation is different. If you want to remain in the Debt Management Plan until the debt is paid in full, a rough guide of the duration of the plan can be obtained by dividing your total debt by your new monthly payment amount giving you an approximation of the total number of months it is expected to last.
Do you qualify for a Debt Management Plan?
The best way to see if you qualify for a Debt Management Plan is to speak to one of our friendly financial experts. All advice is free and we will help you achieve your best possible solution. We strive to help you no matter what your debt situation. To find out more and get debt help and advice contact us now or fill out the form at the top right of this page and we will get back to you asap.
Need more information on Debt Management Plans?
To read more about Debt Management plans click here to read the Debt Management Frequently Asked Questions.
"I would highly recommend Debt Management to Ireland to anyone who finds themselves in financial difficulties. I have DMI to thank for my sanity and the fact that I am able to sleep again. I found the staff to be non judgemental, more than helpful in every aspect of my situation and the fact that you have your own negotiator & advisor on hand wonderful. I am now paying my debt at a rate I can afford and have peace of mind."
|All our advice is free. A fee is only payable where further services are requested. All fees will be explained in detail and discussed prior to commencement of any debt repayment plan. Repaying debt over a longer period may increase the total amount to be repaid. Acceptance of any proposal or plan is subject to creditor approval. Fees and Key Information