Will I qualify for a DMP?
There are a number of debt management solutions available to you, and some will be more suitable for your needs than others. A Debt Management Plan (DMP) is a way of paying a reduced amount to various creditors via a single payment that you are able to afford each month.
It’s not a way of writing off your debts, and your creditors have no obligation to agree to such an arrangement. With the help of a trusted debt specialist, they can be asked to agree, however. An income and expenditure document will need to be drawn up to show how you can only afford a set payment from the start of the plan.
In general, if the majority of your debts are non-priority – this includes credit and store cards, overdrafts, personal and payday loans and catalogue balances – a DMP could be just what you need. If you have other debts it may be that a Trust Deed or Sequestration will be more suitable for you.
It can be so difficult to know where to turn when your debts seems to be spinning out of control, but with our help and support you can start to get your life back again. Many others, people from all walks of life and in all parts of the UK, have had similar problems to you in the past, so you’re not alone.
We’ve helped them all, and we’re here to help you as well. The friendly and knowledgeable team at BlueSky Finance are available right now, so please get in touch soon on 0141 488 2212. That one phone call could just change your life.