Advice Centre Group
Advice Centre Group

You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money

Debt Management Plan

Debt management plans (DMP) are an informal arrangement between you and your creditors to reduce your monthly payments therefore making your debts more manageable to pay. A debt management plan takes your one monthly payment and distributes that between the creditors each month.

Advice Centre Group

How we help

At The Advice Centre Group, our team look to fully understand your personal and financial circumstances. After we have understood you and your circumstances we will always ensure you are given every opportunity to fully understand the solutions available to you so that you can make an informed decision based on the best solutions available to you.

Advantages

Disadvantages

Advice Centre Group does not administer debt management plans. 

Dissolve Debt Limited, which is authorised and regulated by the Financial Conduct Authority, firm reference number 662423. Your payments into a Debt Management Plan are protected, and compensation could be available from the Financial Services Compensation Scheme if there are any shortfalls in funds held on a customer’s behalf. 

 

You may be referred to our approved providers if we feel that this is appropriate and the best advice in your situation. Advice Centre Group are not paid a referral fee for introducing you to Dissolve Debt Ltd. Entering into a debt management plan does mean your credit rating will be negatively affected. Default notices will be recorded on your credit file for 6 years. There may be fees included if you take out a debt management plan, however you will be made aware of any fees before you contract into any agreement, and you will be given plenty of time to think about what you want to do before making a decision. At no stage are you under any obligation and you are always protected by your consumer rights.

Our customers say

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Advice Centre Group
Advice Centre Group
Advice Centre Group

You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money

© 2023 Dissolve Debt Ltd. www.advicecentregroup.co.uk is a trading style of Dissolve Debt Limited, which is authorised and regulated by the Financial Conduct Authority, firm reference number 662423. Your payments into a Debt Management Plan are protected, and compensation could be available from the Financial Services Compensation Scheme if there are any shortfalls in funds held on a customer’s behalf. Dissolve Debt refers customers to Advice Centre Group Ltd for Individual Voluntary Arrangements and Protected Trust Deeds. Advice Centre Group Ltd registered in England and Wales (14322979). Registered office: Second Floor A, Cheadle Place, Cheadle, Cheshire, England, SK8 2JX. Adam Southard is authorised as a Licensed Insolvency Practitioner in the United Kingdom by the Insolvency Practitioners Association

We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meet the criteria for one of our insolvency solutions, therefore, all advice is given in reasonable contemplation of an insolvency appointment.

Adam Southard is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Office Holder No. 11930

Insolvency Practitioner Directory- Insolvency Practitioner Details (bis.gov.uk)

We provide solutions to individuals throughout the UK, specialising in Individual Voluntary Arrangements that comply with the IVA protocol