This section contains information about managing your own Debt Management Plan. It explains the pitfalls of this and what it involves including dealing with Debt Collection Agencies.
A Debt Management Plan (DMP) is one of the most common ways people deal with problem debt in the UK. It allows you to make reduced monthly payments to your creditors based on what you can realistically afford. Many people decide to run their own Debt Management Plan rather than using a company or charity….
Being in debt is one thing, staying on top of your debt and all the things going on when you have your own Debt Management Plan is another. Staying organised is important or you will quickly find yourself losing control of both your finances and your well being. On a personal level I did take…
You can set up a Debt Management Plan yourself in most cases. It depends on the types of debt you have and how confident you would be managing it. This post will tell you what you need to know about setting up your own Debt Management Plan and provide links to posts elsewhere on this…
Setting up Payment plans for your debts might seem daunting at first but it is possible. If like me you are setting up your own debt management plan, payment plans are important as these plans become the arrangement you have with your creditors to pay off your debts. What do you need to set up…
I have written a little about this before but thought I would write a little more about keeping on top of debts when you are running your own debt management plan. Being organised is something that you need to do if you choose to administer your own debt management plan. In this post I write…
Managing Debt can cause you stress, especially if you are in severe debt and can see no way out. You aren’t alone. I too am in debt. I have faced the same pressures you may be facing, debt collectors calling me, sending me lots of fan mail and the fact that I owe so much…