A debt management plan (DMP) is an informal arrangement where you make one affordable monthly payment towards eligible debts, which is then shared among your creditors. A provider may ask creditors to consider reducing interest or charges, but they do not have to agree, and a DMP does not guarantee that debts will be written off. It can affect your credit file and usually does not cover priority debts such as rent, council tax or energy arrears. For free guidance, compare support from organisations such as StepChange or Citizens Advice, and check that any paid provider is FCA-authorised.