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DMP what Avenue to take?? 5 years on..
col81
Posts: 336 Forumite
I am in a DMP with stepchange. I owe £8k. I have paid £140 pm for 5 years. I was at £18k to begin with. I have 5 defaults. 3 drop off next month. Part of my debt around £3500 is to a credit union. I want the DMP gone asap as I want to remortgage soon. I have £3500 I can get off my father. Should I offer £3500 to settle the DMP? Stepchange advised I may struggle to get them to accept to a lower settlement as I have been a good payer! I work it to be 44% do you think they would go for it? Looking for the best way forward
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Comments
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You can but try.0
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Don't ask, don't get. If anything at least it'll start a negotiation off so they may come to an amount higher than that but one which you are happy with and can meet.0
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When do the other 2 defaults drop, if a year or two, I think continuing with SC DMP.
Existing mortgage could be renewed onto another deal with current providers.
Why- avoid part settlements on CRA report.Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb0
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