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Debt management plan
GCP
Posts: 2 Newbie
I currently have a debt managment plan for debts from over 12 years ago. can anyone advise as what would happen if i stopped paying or cancelled the plan. At this moment my credit rating is pretty much back on track, which would tell me that these debts do not show on my credit history. Any advise will be welcome
Only one had a CCJ the rest were unsecured loans credit cards etc. A lot would be inj the hands of debt recovery companies and no doubt been sold on to different companies
Only one had a CCJ the rest were unsecured loans credit cards etc. A lot would be inj the hands of debt recovery companies and no doubt been sold on to different companies
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I currently have a debt managment plan for debts from over 12 years ago. can anyone advise as what would happen if i stopped paying or cancelled the plan. At this moment my credit rating is pretty much back on track, which would tell me that these debts do not show on my credit history. Any advise will be welcome
Assuming they are enforceable as you have been paying them then the creditors could take legal action. Just because they don't show doesn't' mean they don't still exist.Christmas 2020 £109
I love my dmp started in Nov 13 with SC. Self Managed 2016 57% done
£60062/25384.84 - 13222.60k UE
MY DIARY http://forums.moneysavingexpert.com/showthread.php?t=47686850
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