What documents are required to start a debt management plan?

If you want to start a debt management plan with us, we'll need some documents to prove your income and unsecured debts to your lenders. Providing us with documents is nothing to worry about - it's something that we ask everyone who enters into a debt management plan to do.

So, the main documents we need are:

•  Proof of wage slips

We wouldn't recommend a debt management plan unless we were sure that it would be affordable based on your level of income.

•  Bank statement

Your bank statement will show us any Direct Debits or payments to your current lenders.

•  Reference numbers for unsecured debts going onto your debt management plan

A reference number on a credit card would be the 16 digit number running across the card. For loans and other debts, the reference number is the account number.

If you think you may have debts that you've forgotten about, or you cannot find the reference number anywhere, you should order a copy of your credit record, which should contain details of any outstanding debts.

Debt solution

Debt management is one debt solution that can help if you're struggling with unsecured debts. You can get debt help and advice that's right for your situation when you speak to a debt adviser.

Try the debt solution finder on this page to find out more.

You can only enter a debt management plan if you have unsecured debt repayments that you cannot afford, and if your lenders are willing to accept reduced payments. Debt management allows you to slow down your repayments - so you pay less every month. It means you would be in debt for longer, but you could eventually repay your debts in full.

Lowering your repayments would show on your credit record for at least three years, making it more difficult to borrow money while it's on there.

Why do you need documents for a debt management plan?

If you applied for any kind of financial product, like a mortgage, a credit card, a personal loan, a bank account, etc, you would need to provide documents to prove who you are and that you are eligible for that product.

A debt management plan is a debt solution and a financial product. Much like any other financial product, we would need to see some documents before we could start your plan.

If you'd like more debt help and advice, speak to one of our debt advisers today.

Lucy Bower

Need expert help with your debts? Complete our form to request a callbackRequest a callback
  • 0161 669 8925
  • 0161 669 8925

Articles home

Top of page

What solutions are available?
Complete the form and our friendly advisor will call you back to discuss the best way forward.

Your total debt?

£2,000

Just a few more details before we calculate your results

Go to final step
Go to final step

We just need a few more details

Please remember, the form above is just an information tool. One of our advisors will be in touch to answer any questions you may have and offer you more personalised advice on how to resolve your debt problems.
About us

We've been helping people get out of debt for almost 20 years. Read more about what we do and the charities we support.

Read more
Fees & key info

Read more about the fees involved with each of the solutions we provide.

Download the Insolvency Service guide to dealing with creditors.

Read here for information about our Complaints Procedure and referring a complaint to the Financial Ombudsman Service.

Conditions Apply. Repaying your debt over a longer period of time can increase the total amount to be repaid. Your ability to obtain credit will be affected. Fees are payable when continuing service is provided.
Our awards GP Award

Every month we help 1000s of people to get out of debt. We are proud of the service we provide and of the awards we've received.

Read more
Top 5 tips for
beating debt

Read our top 5 expert tips on how to beat debt and deal with your lenders.

Read more