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Wednesday, 16 January 2008
 

 

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What is an Debt Management

Debt Management Plan (DMP)

DMPs are arranged by third-party organisations, who negotiate with your creditors to change your debt repayment terms. The agreement they reach with your creditors is often referred to as a debt management arrangement.

Note: a Debt Management Plan is not legally binding on creditors. They could ignore it at a later date and ask you to repay your debt in full.

 

 

 



 
 

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