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  • FIRST POST
    • Woody26
    • By Woody26 13th Mar 17, 9:15 PM
    • 8Posts
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    Woody26
    DMP on credit file
    • #1
    • 13th Mar 17, 9:15 PM
    DMP on credit file 13th Mar 17 at 9:15 PM
    Good evening,

    I was wondering if I could get some advice. I started a debt management plan in December 2011. As a consequence of this I received a number of defaults which will likely fall off of my account early next year.

    However, there were a few accounts (Barclaycard, Vanquis, MBNA) who instead of defaulting me, added a note to my credit file stating 'debt management programme' with a start and finish date (most of which are incorrect dates).

    I have spoken to a mortgage advisor who has stated that some mortgage companies require you to wait until 3-6 years after the DMP is completed as opposed to the date you started the DMP before they would consider you for a mortgage. Does anyone know if this is correct?

    Also, is there any likelihood that if I wrote to the companies these notes would be removed, the debts with these companies has now all been settled.

    I find it hard to believe that a default drops of 6 years from start date however a note on a file regarding a debt management plan stays on for 6 years until this has been satisfied.

    Any advice would be very gratefully received

    Many thanks
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