A debt management plan or (DMP) is an informal arrangement between you and your creditors and allows you to pay them back at a more affordable rate by making reduced monthly payments.| Carrington Dean
If you're struggling to make agreed credit or loan payments, you could be at risk of breaking the terms of your credit agreement or 'defaulting'.| Carrington Dean
Its primary objective is to consolidate unmanageable debts into one manageable monthly payment, effectively ensuring the eventual clearing of all debts.| Carrington Dean
A Debt Arrangement Scheme, or DAS, is a Government approved scheme allowing you to freeze all interest, fees, penalties or charges on your debts. In addition, as long as you maintain payments to your mortgage and car you do not have to worry about losing them.| Carrington Dean
