Debt Management Plan (DMP)

Interest is not written off in a Debt Management Plan, so payments will continue until your debts are repaid in full. Your creditors will not be bound by the terms of a DMP; they can change the terms at any time.

However, there are many advantages to a DMP and, if your circumstances are right, a DMP can solve your debt problems.

• A DMP is an informal agreement between you and your creditors
• One agreed monthly payment
• You won't have to deal with your creditors and debt collectors
• Interest and charges can often be frozen
• Dunion & Co. will only recommend a DMP if it suits your circumstances
• There is no fixed timescale to a debt management plan
• A DMP is often the best solution to short term financial problems