Managing your debt management plan (DMP)
You’ve explored the pros and cons of a DMP, looked into how to set one up, but now you may be wondering what your next steps will be when you have a DMP in place - let us fill you in.
Is a debt management plan the right solution for me?
Debt management plans (DMPs) are a great way to manage multiple debts if you’re struggling to meet your contractual payments, but they may not be the best option for everyone. Read on to find out if a DMP is the right step for you.
3 steps to set up a debt management plan
If you’ve decided a debt management plan is the right path for you, first thing’s first is choosing a debt management company to manage your accounts on your behalf.
Laura has started her own business, which has started to make a healthy profit
After becoming a Cabot customer, Laura was given the option to pay off her debt in a manageable way that worked with her current situation. Within ten months, Laura was debt-free...
Jamie felt better knowing “they’d help me where they could”
After working out a payment plan that suited Jamie, he was able to pay it off after a year. Before their journey with Cabot, Jamie viewed debt as something “terrifying and embarrassing”...
Money Diaries: £12.99 is cheap enough, or at least that's what I tell myself
The lockdown measures have meant I'm unable to make my monthly trip back home to see my family, we've been able to video chat on Whatsapp so it's made the distance a little easier. On the plus side, I've been able to spend more time with Sam.