Debt Management: A free DMP is a managed informal arrangement, so this is at the discretion of the creditors. A free DMP organisation will usually be able to advise on these options from the offset – ensuring that the very best debt advice is given at all times.

The Free DMP company will work closely with the debtor to establish their level of debt and who their creditors are. Typically, debt consolidation programs are debt repayment programs. A prudent debtor can shop around for consolidators who will pass along some of the savings. Debt consolidation sometimes only treats the symptoms of debt and does not address the root problem. Because of the theoretical advantage that debt consolidation offers a consumer that has high interest debt balances, companies can take advantage of that benefit of refinancing to charge very high fees in the debt consolidation loan.