DMP advice

Thrugelmir

jones101 wrote: »

Fair enough. So paying back the DMP earlier wouldnt have much of a bearing on healing my credit score?

You'll restart from ground zero again quicker.

Downside is you'll find it very difficult to ever borrow from these same lenders ever again.

20aday

Thrugelmir wrote: »

You'll restart from ground zero again quicker.

Downside is you'll find it very difficult to ever borrow from these same lenders ever again.

If HSBC is one of OP's creditors then they need to be aware even years later they'll most likely still say "no".

I was in a DMP myself until 2008 and to HSBC's credit they did remove an AP marker from my files two years ago but I've tried twice now (once for the account switch incentive and one for a basic bank account) and it's still a 'no-go'.

OP is your DMP fee-free? I hope so. I only ask as I foolishly paid a company each month when their portion could've gone to clearing my debts quicker.