What is Debt Management? Client must have minimum of 2 credit agreements with debt of £3000 plus Client must have disposable income of £125 per month an informal agreement with creditors repay debts with one affordable payment payment calculated on disposable income before unsecured debt payments agreement not legally binding agreement negotiable and reviewable at any time potential to reduce payments up to 70% most lenders will freeze interest should prevent legal action by lender PTDS negotiates with all creditors to reduce the payments PTDS manage payments on behalf of client PTDS fee is the first monthly payment plus an advice fee of £285 charged over the first 3 monthly payments at £95 per month PTDS charge monthly management fee of 15% of payment