DMP costs are charged as an ongoing monthly management fee.
Turn Debt Around provides initial advice and any DMPs are now managed by our sister company Fresh Start UK. Some providers may charge set up fees, or an increased fee spread across the first six months of the DMP. Fresh Start UK do not charge a set up fee, however, they do charge a monthly management fee over the lifetime of your plan.
Payment to your creditors will be made in month 1, once your 1st full monthly payment is received and processed by Fresh Start UK.
Your monthly payment is decided after an assessment of what you can afford has been carried out. At Turn Debt Around we recommend that you have at least £70 of distributable income per month to pay your debts through a DMP (which will include the management fee*)
Fresh Start UK and Turn Debt Around DMP fees are charged based on the number of separate debts you have. Please see the table below for more on fees. Or visit the important information page for an overview of all debt solution fees.
Fees associated with Debt Management Plan taken out after Jan 2016 with Turn Debt Around and managed by our sister company Fresh Start UK
|Debts on Plan|
|Initial set up fees||Monthly management fees||Cap on % of fees taken from distributable income