Explanation on this...?

[Deleted User]

Gemm83 said:

If I'm understanding you correctly, then yes, they were originally defaulted before beginning the DMP. So they drop off records 6 years from the ORIGINAL date of default?
I assumed they would have re-defaulted after they were handed back from the DMP company? 

No they are not re-defaulted and I don’t know what you mean by handed back from the DMP company. The DMP company ( I really hope you weren’t paying a company to manage your debts) never owned your debts. 

Gemm83

Lover_of_Lycra said:

Gemm83 said:

If I'm understanding you correctly, then yes, they were originally defaulted before beginning the DMP. So they drop off records 6 years from the ORIGINAL date of default?
I assumed they would have re-defaulted after they were handed back from the DMP company? 

No they are not re-defaulted and I don’t know what you mean by handed back from the DMP company. The DMP company ( I really hope you weren’t paying a company to manage your debts) never owned your debts. 

Hi thanks for your reply. Yes unfortunately I was paying a company. As I understand when I joined the DMP they were quite new, and there was only a handful of companies doing it. I could be completely wrong though. To be honest I was just happy things were being paid off for once as I got myself into a bit of a pickle. I stopped paying it because they refused to lower my payments when I went on maternity leave. I didn't just stop paying, I did tell them that I had no other option that's what I mean by handed back. 

Yahoo_Mail

Gemm83 said:

If I'm understanding you correctly, then yes, they were originally defaulted before beginning the DMP. So they drop off records 6 years from the ORIGINAL date of default?
I assumed they would have re-defaulted after they were handed back from the DMP company? 

They drop off 6 years from the date they "originally" defaulted. A debt can only be defaulted once, and DMPs, strictly speaking, don't "default."

Gemm83

Yahoo_Mail said:

Gemm83 said:

If I'm understanding you correctly, then yes, they were originally defaulted before beginning the DMP. So they drop off records 6 years from the ORIGINAL date of default?
I assumed they would have re-defaulted after they were handed back from the DMP company? 

They drop off 6 years from the date they "originally" defaulted. A debt can only be defaulted once, and DMPs, strictly speaking, don't "default."

Thanks for the clarification 😊