The length of your debt management plan depends on your individual situation. It also depends on your level of debt and the monthly disposable income available.
When creditors freeze interest and charges, the length of the debt management plan can be greatly reduced. Example, if you owe £15,000 and you can afford to pay £180 per month the debt management plan will last for just short of 7 years (83 months). This applies only if the payments are maintained each month and the creditors freeze interest for the length of the plan. Your debt management plan can be completed sooner if your circumstances improve and your payments are increased.
