EASY DEBT PAY

Debt Management Plan (DMP)

Manage your debts with our fee-free DMPs. Pay them off at a rate you can afford by making a single monthly payment.

Get online debt advice to find out if a DMP is right for you
DMP with Us

Debt Management Plan (DMPs) with EasyDebtPay

A DMP with EasyDebtPay is free and flexible to suit your lifestyle. So you can live comfortably while we take the stress out of dealing with debt.

Since 2018, we have given expert advice to millions of people across the UK. Our advice is personalised and trusted by creditors. We make decisions based on what is best for you and your situation.

  • Affordable payments

    With a DMP, you enter an agreement to pay back money you owe, based on what you can afford. We will support you from start to finish.

  • Based on your needs

    We work with you to make a budget that meets your needs. If a DMP is right for you, we will help you set up and manage your plan at no extra cost.

  • We deal with your creditors

    We speak with your creditors so you don’t have to. We make sure your creditors know you are on a plan with us and that they will be getting payments from us on your behalf.

  • Single monthly payment

    You make one monthly payment to your DMP, and we will share it out fairly among your creditors.

Benefits of a DMP

  • A EasyDebtPay DMP is free. We do not ask for any extra money for your plan, so all the money you pay goes to your debts
  • A DMP is flexible. Your payment amount can change as your situation changes, so it will always be affordable
  • We do the work for you. All you have to do is send us one monthly payment
  • Creditors might stop interest and charges. They do not have to do this, but many do
  • We will help you make a fair budget that works for you. It is important to us that you are covering important bills while dealing with your debt

Risks of a DMP

  • Your credit file will be affected. It is likely you will be paying less than what you agreed with your creditors, which can result in defaults
  • Your creditors can still contact you. They may ask you to pay more than what you are paying through your DMP
  • Your creditors can take further action. A DMP does not protect you from county court judgments (CCJs) and other enforcement actions
Know about DMP

How can I find out if a DMP is right for me?

  1. To find out if a DMP is right for you, you will need to start by using our online debt advice tool
  2. We need to learn more about you to give you advice. Through our online tool, we will ask you for details about yourself and your situation. This includes basic information about you, as well as information about your income, spending and debts. This can be a long process, but you can pause and come back at any time
  3. If a DMP is right for you and you choose to go ahead with it, we will work together to get your plan set up. You will need to sign a DMP agreement, provide proof of income and some information about your debts. At this stage you will also need to decide on what payment method works best for you
  4. Once we have set up your DMP, keep your details up to date and we will sort out the payments for you
  5. Don’t forget, we are here to support you through the full term of your DMP. You can contact us at any time if you need to make changes to your DMP, talk about payments or anything else in-between
Frequently Asked Questions

Common DMP Questions

The payments you will make through your DMP are smaller than the amounts you first agreed to with the people you owe money to. So your DMP payments will be recorded as ‘partial payments’ on your credit file.

If you miss a payment your creditors can report it on your credit file. When you continue to miss payments, you will be at risk of your accounts ‘defaulting’. This will also be shown on your credit file.

These issues may affect your ability to get credit in the future. But if you have already missed some payments, your credit file will already be affected.

Your single monthly DMP payment to us helps to repay your less important, or non-priority debts. It can also help you repay any priority arrears if you have them.

If you are behind with your important payments such as utility bills, rent or mortgage, and have arrears, we can add those to your DMP and include them in your monthly payment. This will help you manage important payments better.

Regular bill payments are not included in your DMP, only the arrears.

Yes, you can.

The first step to switching your DMP is for us to learn more about your debts and your household budget so that we can recommend the right debt solution for you.

They are both flexible solutions to help you repay what you owe. But there are some differences.

A Debt Management Plan (DMP):

  • Is available in England, Wales, Scotland and Northern Ireland
  • Is an informal agreement to repay debts at a reduced rate
  • Does not protect you from enforcement action
  • Does not stop creditors from adding interest and charges – but we do ask them to consider it

A Debt Payment Programme (DPP):

  • Is available in Scotland only
  • Is a legally binding agreement to repay debts at a reduced rate
  • Protects you against enforcement action
  • Forces creditors to stop interest and charges for the duration of your DPP

Yes. By including all your debts in your DMP you are showing your creditors that you are treating them fairly.

When you pay debts outside of your DMP, you risk your creditors thinking you are showing favour to one creditor. This means they will be less likely to accept your payment proposals to them.

Most creditors will accept your offer of a reduced payment. They will have seen your budget showing how much money you have left over after you have paid your essential living costs.

The amount they receive depends on:

  • The amount left to pay on the debt
  • The amount you agreed to pay when you took out the debt

Even creditors who reject the payment proposals we send them cannot reject the payments we send on your behalf. So, we pay them through your DMP anyway.