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DMP & Renting

DebtFreeWannabeJJ
Posts: 4 Newbie

I am lost.
In a sea of information, I am struggling to pinpoint accuracy on my question:
Will being on a DMP, paying £420 per month onto my debts (worth 18k) stop me from being able to rent a property in the new year with my partner?
Neither of us have rented before, as we've been lived at home or with friends / family.
Now we want our own space, together; but neither of us can afford the mortgage right now!
We earn between £53k & £54k a year between us, and there is only myself who has any outgoings (car, debts etc) whereas he is debt free and has no outgoings apart from his commute to work and food etc!
When I'm answering questions from estate agents about CCJs IVAs and adverse credit, what am I actually supposed to say?
"No CCJs or IVAs here..." or "Yes, I'm on a DMP but I can afford the rent easily!"
Help!!!
In a sea of information, I am struggling to pinpoint accuracy on my question:
Will being on a DMP, paying £420 per month onto my debts (worth 18k) stop me from being able to rent a property in the new year with my partner?
Neither of us have rented before, as we've been lived at home or with friends / family.
Now we want our own space, together; but neither of us can afford the mortgage right now!
We earn between £53k & £54k a year between us, and there is only myself who has any outgoings (car, debts etc) whereas he is debt free and has no outgoings apart from his commute to work and food etc!
When I'm answering questions from estate agents about CCJs IVAs and adverse credit, what am I actually supposed to say?
"No CCJs or IVAs here..." or "Yes, I'm on a DMP but I can afford the rent easily!"
Help!!!
0
Comments
-
Keep talking to agents and any landlord you can get to, hopefully will strike it lucky.
Do you have evidence of always paying things regularly and on time that you can provide?
With that income significant debt reduction could be possible fast... or prospective landlord might wonder where it's going....
0 -
Who is your DMP with? Not someone who charges you I hope.
You could always run your DMP yourself then nothing will show but presumably defaults on your credit report.
Have you looked on the debt Free Wannabe board for information?If you go down to the woods today you better not go alone.0 -
Unfortunately, the defaults on your credit report (rather than the DMP itself) pretty much mean no landlord will rent to you.1
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km1500 said:Unfortunately, the defaults on your credit report (rather than the DMP itself) pretty much mean no landlord will rent to you.0
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Grumpelstiltskin said:Who is your DMP with? Not someone who charges you I hope.
You could always run your DMP yourself then nothing will show but presumably defaults on your credit report.
Have you looked on the debt Free Wannabe board for information?
I've tried but I don't know where to begin!0 -
theartfullodger said:Keep talking to agents and any landlord you can get to, hopefully will strike it lucky.
Do you have evidence of always paying things regularly and on time that you can provide?
With that income significant debt reduction could be possible fast... or prospective landlord might wonder where it's going....0 -
DebtFreeWannabeJJ said:I am lost.
In a sea of information, I am struggling to pinpoint accuracy on my question:
Will being on a DMP, paying £420 per month onto my debts (worth 18k) stop me from being able to rent a property in the new year with my partner?
Neither of us have rented before, as we've been lived at home or with friends / family.
Now we want our own space, together; but neither of us can afford the mortgage right now!
We earn between £53k & £54k a year between us, and there is only myself who has any outgoings (car, debts etc) whereas he is debt free and has no outgoings apart from his commute to work and food etc!
When I'm answering questions from estate agents about CCJs IVAs and adverse credit, what am I actually supposed to say?
"No CCJs or IVAs here..." or "Yes, I'm on a DMP but I can afford the rent easily!"
Help!!!1 -
km1500 said:Unfortunately, the defaults on your credit report (rather than the DMP itself) pretty much mean no landlord will rent to you.2
-
You may need to pay the deposit and 6 months rent up front.
Can you check your credit file yourself on the 3 credit reference agencies ?0
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