Debt Management Plans
A DMP allows your client to make the repayments they can realistically afford once essential living costs have been taken into account. We will deal with their creditors directly to negotiate lower monthly payments, and attempt to freeze all interest and charges (although this cannot be guaranteed). DMP's are suited to clients with up to £15,000 of unsecured debt.
Once set up, your client makes one monthly payment to us, which we will distribute to all of the creditors involved. Typically, the new payment amount under a DMP will be half the amount the client is currently paying, but this will depend on their individual circumstances.
The DMP will be completed once your clients’ debts are paid off in their entirety.
The information contained within this website is for the guidance of financial intermediaries only and is not intended for members of the public. None of the information contained within this website is to be used to indicate a willingness to enter into any transaction to which the details relate. TCF Debt Solutions (UK) Limited is licensed under the Consumer Credit Act.
TCF Debt Solutions (UK) Limited, registered trading address is at 7 Millbank House, Riverside Business Park, Bollin Way, Wilmslow, Cheshire, SK9 1BJ. Registered company number 06369574.