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Debt consolidation for bad credit

24

Comments

  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ashmc wrote: »
    I'm worried about setting up a DMP as I don't know what this will mean for the future. For example, if I went to change jobs etc would employers be able to find out about it?

    No they wont but it might depend what the job is.
    ashmc wrote: »

    Also, will it affect my husband's credit? I'd really rather not go down this route if I can avoid it.

    Depends if your linked, are you ?
  • ashmc
    ashmc Posts: 8 Forumite
    DCFC79 wrote: »
    No they wont but it might depend what the job is.



    Depends if your linked, are you ?

    Yes, we have a joint mortgage and bank account. That's my main reason for not wanting to go down that route. It seems unfair if he has to suffer because of my past stupidity.
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ashmc wrote: »
    Yes, we have a joint mortgage and bank account. That's my main reason for not wanting to go down that route. It seems unfair if he has to suffer because of my past stupidity.

    Can he not help to pay the loans off ?
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    ashmc wrote: »
    Yes, we have a joint mortgage and bank account. That's my main reason for not wanting to go down that route. It seems unfair if he has to suffer because of my past stupidity.

    Sometimes its best to let it all out in the younger years when single and partying but when you've got a family you never know whats around the corner so keeping a good credit history is always more important then people think.

    Unless you've got those who uses their loaf a bit more who concentrate on keeping a good bit of savings aswell.
  • ashmc
    ashmc Posts: 8 Forumite
    DCFC79 wrote: »
    Can he not help to pay the loans off ?

    No, unfortunately he's close to being in the same situation as me.
  • callistris
    callistris Posts: 656 Forumite
    Part of the Furniture
    If he's close to the same situation then maybe a DMP is the best route for you, both of you:)
  • worried48
    worried48 Posts: 495 Forumite
    Part of the Furniture
    So, are you all saying that the companies that advertise that they can provide loans of this size and greater for all credit circumstances apart from bankruptcy are lying?
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    worried48 wrote: »
    So, are you all saying that the companies that advertise that they can provide loans of this size and greater for all credit circumstances apart from bankruptcy are lying?

    Generally yes. Look on this forum for the numbers of people who have paid a company to look for a loan and received nothing.
  • worried48
    worried48 Posts: 495 Forumite
    Part of the Furniture
    I just logged into one of the sites a text referred me to, a direct lender. Worth looking, I thought. They are prepared to lend me £60. Wow!
  • Apples2
    Apples2 Posts: 6,442 Forumite
    A text referral? No way that is going to be a scam at all.
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