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How long will I have a bad credit rating after DMP is paid?
jwpate
Posts: 2 Newbie
Hi all,
I have a few questions for you.
I have been paying into a DMP for 3 years now. How long will I have a bad credit rating after DMP is paid? How long do defaults stay on your file?
We currently have a mortgage but a bigger house may be necessary for our growing family. When is it realistic that we will be able to apply for a larger mortgage with any hope of being offered one?
Cheers!
I have a few questions for you.
I have been paying into a DMP for 3 years now. How long will I have a bad credit rating after DMP is paid? How long do defaults stay on your file?
We currently have a mortgage but a bigger house may be necessary for our growing family. When is it realistic that we will be able to apply for a larger mortgage with any hope of being offered one?
Cheers!
0
Comments
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Defaults stay on your file for 6 years.0
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Have all the accounts defaulted?
If so, the dates should be within 6 months of your DMP start.
If not, what do they show as?:beer:0
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