What is the eligibility to enter into a debt management plan?

• When you are not able to pay your present credit payments.
• When you can pay atleast an amount of £100 every month towards your unsecured credit payments other than your regular payments towards your secured debts.
• You need to pay to atleast two different lenders or creditors from three different companies and three different products. You are not eligible if you need to pay to single creditor but to three different products.
• Your Debts should be atleast £4,000 towards unsecured non-priority consumer debts. Certain items such as hire purchase, leases or secured loans, CSA or maintenance arrears will not be included in debt management.

Debts such as Priority debts in which rent and council tax arrears, student loan company payments will also not included in this. You cannot include financial loans on cars because it comes under secured loans.