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PM22
Posts: 277 Forumite
I am on a DMP. The defaults will fall off in 2028. I will still be on my DMP.
What's to then stop me stop paying the DMP? If it's fallen off my credit file and I stop paying, will they add it back on?
What's to then stop me stop paying the DMP? If it's fallen off my credit file and I stop paying, will they add it back on?
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Comments
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Whoever you owe the money to could take you to court, leading to potential CCJ's. Its an 'If' whether they take it to court though.1
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2028 is still 5years away. How long is your debt management plan? If it is more than 5 years it may be worth looking at another strategy0
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As long as a balance remains to be paid, a debt is still valid, whether or not it still appears on your credit file.
A creditors right to take legal action remains in force until the debt is paid or settled.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
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