An Overview of The Best Debt Management Companies in the UK

Best Debt Management companies

Debt Management is a very necessary plan for every financial firm. A proper debt management plan not only helps to reduce the amount of debt. But also balances the monthly payments effectively and lets you pay the debt affordably. The most common way to manage your debt strategies is to go for the best debt management companies in the UK. This not only reduces your stress of managing several financial accounts. But also help in giving better options in getting lower interest rates.

There are various debt management companies in the UK, some of them are chargeable and some of them are free. When people struggle to make payments on their debts, these companies help those people. Those companies provide adequate support and required services when people aren’t able to pay their dues in time.

But what exactly is a debt management plan, also known as a DMP? What exactly is a debt management company, and how can they tailor debt relief to your specific needs and circumstances?

Debt management plan

A debt management plan will assist you in breaking down the amount of debt you owe to businesses into more manageable chunks.

  • A Debt Management Plan will enable you to effectively reduce your monthly payments so that you can continue to live within your means and pay them.
  • This type of debt relief is likely to be popular among people who owe money to multiple creditors at the same time.
  • It is similar to an Individual Voluntary Arrangement (IVA) in that you will make offers to companies in order to reduce and clear your debts.

If you have a relatively low amount of debt and some assets at the same time. You can have a Debt relief order DRO if you meet the criteria.

Features of Best Debt management companies UK.

A good DMP company is a company that should assist you in consolidating your debts into one monthly manageable payment.

Debt management companies offer options that should make you able to pay a lower amount, which will then distribute funds to your creditors.

In some cases, debt management companies’ services, are chargeable so it’s always a good idea to choose the best option which fits you before settling on one.

Any unsecured debt and non-priority debt will be consolidated into monthly payments by a debt management company. As a result, any money or debt tied to assets such as your home or car may not be applicable.

Best Debt Management Companies UK

Are you having trouble managing your debts? Do you owe money to a number of different creditors and businesses?

Getting out of a debt spiral may appear difficult, but there are numerous debt management options available to assist you in breaking free from mounting arrears.

While looking for the correct debt management service you must make this thing sure that that firm is FCA authorized to regulate debt management companies.

These organizations will work on your behalf to create a debt management plan that is in your best interests.

To begin, take a close look at the best companies the UK has to offer.

All of the companies and debt advice services listed in our guide are regulated by the FCA and will gladly assist you in developing a flexible plan of action.

By taking expert control of the finances of those people, who suffer due to debts, these companies help to clear the debts in time. So without wasting any more time, Let’s look at some famous debt management companies in the UK.


Stepchange is one of the famous companies, which provides adequate support and help in debt management services. By using the Debt remedy plan of this company anybody can discover the ideal plan for himself. You can decide the proper debt management plan depending on the amount of debt and your current income and expenditure. For a perfect debt management plan, you need to provide a detailed budget and have to plan accordingly.

Stepchange has an active helpline number, through which customers can easily reach the official support. More than 220k people have used the Debt remedy plan in 2015 and from 2016 onwards the service of Supercharge has got approximately 99% positive reviews. 

  • You can directly connect to our expert through the Stepchange live chat support system.

People often have used Stepchange’s service day and night to resolve their issues related to debt. You may also reach the official support any time when you aren’t able to manage the debts and seek their support. 

National Debtline:

Like  Stepchange, National Debtline is another famous debt management company in the UK. They work in a similar way to Stepchange’s debt remedy plan. It is one of the most renowned charities that work as a free debt management firm the UK.

Through their official website, you can fill up a questionnaire where you need to provide the details of the debts, which will help you to choose the best plan for yourself. 

You can reach them through the web chat process available on their official website and may also call their helpline to get free support anytime for your debt.


Payplan is also one of the most renowned debt management plan companies the UK, who offers free debt advice as well as management services. Like the above ones, Payplan doesn’t operate through the online service, rather they assign case officers with the client through their portals. 

To use Payplan’s service, you have to speak with an advisor through phone calls. They offer an effective solution to your debt problems. In fact, they also provide debt advice to their customers. 

The company had received 5.8 out of 10 ratings in Trustpilot from august 2016 and their review was 4.3 out of 5. Though in recent times, they have tightened the criteria of the debt management plan and have lost significant customers, still they are considered as one of the best Debt management companies in the UK.

The Money Advice Service:

The money advice service is a government-launched service, which provides free as well as partial debt management services. It’s not a debt management company like the other ones.

People who are facing problems due to debt should visit the official website of The money advice service. In fact, people can reach them both through the web chat process and through phone calls.

Debt Advice Foundation:

The debt advice foundation is a famous charitable organization that provides free education as well as professional support regarding debt management. People can reach them through their official helpline number. The foundation provides advice to each individual to tackle their debts.

Debt Counsellors:

Debt counselors is another charitable organization that offers debt support through telephonic services. They don’t have an online help service instead, you have to send them email to arrange a conversation with them. In the email, you have to provide detailed information about your debt. They can help you with a wide range of debt solutions along with income maximization, administrative orders, and final settlements.

Parting Words: 

In the above section, we have mentioned some of the most famous debt management companies in the UK. Here, you not only get the company name but also get their mode of service and other relevant information. Anybody who needs debt management help will find it useful to get a clear idea about the famous debt management companies in the UK. For further assistance, people can always reach us by browsing our website. Additionally, if you have further queries in your mind, then you can put them in the comment section below. We would be happy to help you!