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Chasing Losses Left me Broke.
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If your bothered about your credit file having AP markers on it for up to 12 years, then let all your accounts default, and get sold on, then come back to address it all in a years time.
If your credit file dosent really matter that much to you, start your DMP as soon as you are able to.
That is the criteria to make your decision by.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you again Sourcrates.
So being on a DMP would mean I have it marked as AP for 6 years after the final DMP payment, whereas a default will be marked for 6 years and not be marked as AP? Surely the default route is better in terms of having in for a maximum of 6 years only whereas the AP could be for a much longer term?0 -
Partner told, what a huge relief that is.
All letters sent regarding the freeze on my account. Things moving and now I just need to sort out the DMP. Will wait for defaults. Can i actively ask for a default now so I can get things sorted quicker?0
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