Debt Management Plans are most certainly a viable solution for those people who can manage the size of the debt which they owe, but are just struggling with the amount of the monthly repayments.

They would find it easier if these repayments were lower and accept that it will take them longer to repay...

Unfortunately, Debt Management Programmes typically only last for a short period of time. The industry statistics are that when an individual enters into a DMP they normally last for approximately 8-9 months. After that time, they are then looking at either an IVA or Bankruptcy as the only viable...