We welcome any comments or questions you may have
for us. Or, if you have something you’d like to ask,
well we’d also really be delighted to hear from you.
Just send us your details below and we’ll be in touch...
...thanks for the mail.
If you’ve asked us something,
we’ll be in touch soon.
A Debt Management Plan (DMP)
can be a good short-term solution, helping you pay off your debts at a more affordable rate by reducing your monthly payments into one manageable amount.
The first key difference with an IVA is that a DMP isn’t legally binding. That means it doesn’t protect you. But it does show you’re happy to tackle your debts, and that goes a long way towards building goodwill with your debtors. The second key difference is that you can’t write off any debt
with a DMP… it simply makes it much
A DMP can be helpful for catching up on household bills for example, when you’ve fallen behind. But it may not the best solution when you have higher levels of debt. It could take much longer to get debt-free.
What’s more, your creditors aren’t required legally to play ball with a DMP (unlike an IVA).
So they could still pile on interest and charges – and they could still take action against you if the agreement fails.
If a DMP is right for you, we’ll help you put one in place with the following steps:
Your single monthly DMP payment will be lower than all the current payments you’re trying to cope with. You’ll have the peace of mind knowing you can afford to stick to it, because we’ve worked out your all-important monthly budget with you.
Get BacktoBlack. Talk to us today
Or, take your first steps to debt freedom
with our online form
team of experts
can help you
on your way to
Click below and we’ll tell you a little bit
more about us. Our story is based around
our experience with problem debt.
Find out why we enjoy what we do here at
BacktoBlack, what makes us tick, and how we
can help you change your life for the better!
Don’t worry, we know how you feel.
All these fancy debt words are hard to keep
track of. So to make things easier for you, we’ve
put together a BacktoBlack Debtionary to help
explain the jargon! That way you’ll be up to speed
in no time at all, and ready for that pub quiz.