We’ll set up your DPP completely free of charge. Some commercial debt management companies charge for this.
Once your DPP is approved, 22% of your payment is taken as fees to cover the running costs. The percentage is set in law, and there are no other hidden charges.
So if you're paying a creditor £100 your debt will be reduced by £100, however the creditor will actually receive £78 and the other £22 will cover the fees. 2% is paid to the Accountant in Bankruptcy (AiB) and 20% is kept by your payments distributor.
If you set up your DPP with us and we enter your details on the system the AiB uses to process and monitor DPPs we’ll be your payments distributor, so we’ll keep the 20%.