DMP Comparisons with other solutions

  1. DMP and lump sums

    The most obvious use of a lump sum is to clear some or all of the debt. It may be argued that the debtor has a moral responsibility to clear...

  2. DMP and my credit rating

    This paper looks at the effect of starting a Debt Management Plan (DMP) on an individual's credit rating and the likely effect on obtaining future credit...

  3. DMP or a Debt Relief Order?

    Both DMP's and DRO's provide solutions for those unable to meet the contractual repayments of unsecured debts. However there are significant differences...

  4. DMP or a DIY repayment plan?

    When the contractual repayment of debts becomes impossible (after meeting all other financial obligations) then it becomes necessary to look at other options. Assuming there are some funds available to...

  5. DMP or an IVA?

    A DMP and an IVA are both debt solutions involving an affordable monthly payment to cover unsecured debts. However there are important differences...

  6. DMP or Bankruptcy?

    A DMP and bankruptcy are 2 very different ways of dealing with debt. Both involve the breaking of a contractual agreement with creditors, but a DMP involves...

  7. DMP or maintain contractual repayments?

    This paper looks at when it may be necessary to stop the contractual repayment of debts and set up a Debt Management Plan...

  8. DMP and fee-charging companies

    This paper looks at the different types of DMP Company and the whole issues of fees that may be payable...

  9. DMPs and finishing early

    The plan often lasts for as long as the debt remains, but sometimes debtors decide to terminate the plan before all the debt is cleared. Of course in this instance, the remaining debt still...

  10. DMPs that don't work

    This paper looks at the circumstances that surround a DMP that doesn't work well and consequences that follow...