Question about debt management plans

hitabrickwall_2

I have posted on another thread. Thanks so much for the advice and will put my soa on there this evening when I am home from work.

I need to speak to someone about a debt management plan. I was going to ring CCCS but can anyone tell me if they will manage the correspondence received from the creditors or if there is someone else I should try? Also I need for my husbands credit rating not to be affected, is this possible?


Thanks

DarkConvict

If you have joint accounts like, mortgage, current account any joint finanical product. Then you are linked to each other already, this will only be broken if all joint accounts are closed.

Basically when your linked, when they search his report, they can look at yours too. Generally the score will be that or the worst risk, you.

CCCS will communicate with the creditors on your behalf, although this is not to say you will not continue to receive letters. In which case i would then ring CCCS and tell them the details of each lot of letters as they arrive. I believe eventually the letters do die down once the DMP is up.
A DMP is informal arrangement to pay, so does not actually go on record per say. Instead you will usually get late payment markers (affects you only if you have alot), defaults (seriously affects the rating) and the words arrangement to pay (although the last one has little affect as it can be paying on a different day to match wages). Its defaults and lots of late payments that do the damage. Defaults last 6 years and late payments 3 years. If defaults are applied you must first be given a default notice.