What are Debt Management Plan Fees?

Debt management companies will usually ask you to pay them as much as you can afford. They may negotiate with your creditors to accept lower repayments or obtain interest freezes. Commercial Debt Management companies are often able to do this - it isn't only the debt management charities, who offer free debt management plans, that succeed here. They pass the money to your creditors less their initial and, then, monthly fee. This is usually around 15%-20%.
Debt management companies also take the single payment from you each month and distribute it to your creditors within five working days. Sometimes a charity will give you great advice but no help in distributing your money to the people you owe.