Sample Debt Management Plan
The following screenshots show a sample case that has been filled in using the CABmoney online Debt management plan. You may find it useful as a guide on how to fill in certain sections.
This guide is for somebody starting a new Debt Management Plan, if you are considering transferring from a previous DMP please see this guide instead.
Step 1: Start your Debt Management Plan
To use the CABmoney Online Debt Management Plan efficiently and properly you will need to gather together all relevant details and information as set out below and put them in order.
On your Priority Creditor Checklist, click each heading to expand and enter details. You will need to return to the checklist whenever you send or receive correspondence to/from your creditors.
Contact your Priority Creditors to agree monthly payments.
On your Non-Priority Creditor Checklist, click each heading to expand and enter details. You will need to return to the checklist whenever you send or receive correspondence to/from your creditors.
After entering your name and address and choosing which creditors to write to (usually it will be all of them, but you may need to send letters separately if you add creditors to your checklist at a later date) the holding letter will be automatically generated containing your information.
Enter your household details on this form. This is important as some calculations will depend on the number of people in your household.
Enter your income details here. You can type into the "Benefits/Other" boxes to add income not already listed.
Enter your outgoings (or "Expediture") here. Depending on your circumstances (household details etc.) you may be prompted to alter your amount if it seems to high or low. In some cases you may have special circumstances which have made your expenditure high so reasons for this should be noted in the box provided.
Your Priority Debts will be listed here along with your agreed monthly payments.
Your offers for Non-Priority Debts will be automatically calculated here whether they are Pro-Rata or Token offers.
Below is an example of what a printed Financial Statement should look like.
After entering your name and address and choosing which creditors to write to the offer letter(s) will be automatically generated containing your information.
As you hear back from creditors, record their responses below.
If creditors reject your offer, send the following letter.