We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

About to settle £2.5k worth of debts

Nissan89
Nissan89 Posts: 2 Newbie
in Debt free diaries
Hi all,

I've been on a DMP with a company called DFH, since 2013, initial debt being £5.5k. Me and partner wanted to get a mortgage but the DMP would mean I would pay massive interest rates.
I have now decided with help of a family member to settle my debts of £2.5k, can anyone tell me how much it helps to be debt free after being on a DMP and getting a house?

Also is best way to settle my debts through the DMP I use? (They charge me each month) or do it my self? I wanna pay in full so on my credit file it says I have fully paid balances owed.

Comments

  • -taff
    -taff Posts: 15,403 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Never use a DMP fim that charges!!! Stechange will do it for free, and CAP.
    Non me fac calcitrare tuum culi
  • Nissan89
    Nissan89 Posts: 2 Newbie
    I wish I had done this in 2013. I guess it's too late if I'm looking to settle.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture