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DMP and renting somewhere new.

Evening all!

I've already posted on the renting forum but I just want a bit of advice (maybe reassurance!) from other people who are in debt.

Basically, myself and my partner are looking for someone new to live and I'm worrying that due to me being on a DMP (with CCCS who I cannot thank enough!) we won't be able to get anywhere to rent. I have a default on my credit file and I know letting agents do checks so would I be automatically turned down?

When we've spoken to agencies we've told them about my poor credit and they've said that they'll work with us to sort something out but I'm still worried. Has anyone else been on a DMP and went throught a agency to rent a place? Would it be best if we apply for the house in just my partners name (he has good credit)?

Comments

  • Had a quick look round the forum and I now believe that the only thing that will appear on credit checks are CCJ's etc and since I don't have any of these I should be ok.

    I hope!
  • Tixy
    Tixy Posts: 31,455 Forumite
    Thats right - the letting agency won't be able to see your default on a credit check.
    The rules may change in the next year or so, but for now they can only see CCJs, and things like bankruptcy / IVAs etc.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • Thanks Tixy!x
  • Me again!

    Just wondering about our tenancy agreement, if we both put our names down would that mean we are financially linked and my poor credit will affect his? At the moment we have no joint bills etc, I've made sure we've kept it separate so I can't affect his good credit rating.
  • Tixy
    Tixy Posts: 31,455 Forumite
    No you won't be linked on your credit files if the only thing in joint names is the tenancy.

    Although be wary of utilities bills etc - if they are in joint names these might lead to a financial association on your credit files.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • The tenancy applictaion form asks if I am aware of any adverse credit history and I'm inclined to say no as my interpretation of adverse is CCJ's, bankruptcy etc. Am I correct in my thinking?

    I have a default and that's it. Is that adverse???? Am I being dishonest/ misleading if I say no to the adverse credit question? Or should I say yes and explain I only have a default???

    So confused and worried!!!!
  • Any ideas anyone???
  • lantanna
    lantanna Posts: 4,471 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi,

    I was in exactly the same position as you at Christmas. I have a default on my credit file and I'm in a DMP - I ticked no that I did not have an adverse credit history. I had a credit check and I know they did do it as they contacted my work for a reference as well. I was ok - the check came back clear.

    I'm sure you will be fine too - lets face it half of the people renting are renting due to not being able to get a mortgage due to poor credit etc !!
  • Thanks so much lantanna, you've really put my mind at ease now xxx
  • Cannot agree more with with poster above, I would worry more about getting good references and making sure I will be able to fully commit to rent payments at this moment with comfort. (ie. money left over to pay other bills to) along with checking out and making sure I understood the rental agreement terms.
    I found letting agencies are more concerned with income/s being able to pay the rent amount first and foremost - at worst the 1st letting agency had me pay a first terms rent in advance but I think that was because I was young and it being my first rent more then anything.

    Lots of stigma out there which you can overcome, if you can try and get a good connection going with the landlord along with keeping the property in tip top condition that definately helps along with paying rent on time. This in it self is more worthy of being the most highest credit scorer.
    Never know you might be able to go private when the term comes up for renewal - saving on contract renewal fee's... bit of a moneysaver! ;)

    x
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