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DMP and lump sum payment advice

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  • pogg000
    pogg000 Posts: 588 Forumite
    Part of the Furniture 500 Posts
    edited 8 May 2024 at 9:34PM
    How long have you been on a DMP?

    lbm 11/06/12 dept total 11499.47
  • Noodle08
    Noodle08 Posts: 7 Forumite
    Tenth Anniversary First Post Combo Breaker
    edited 8 May 2024 at 9:43PM
    Coming up 2 years, around £24k outstanding currently. Now we have received a lump sum we would like to rebuild our credit rating to enable us to get a mortgage eventually. 
  • RAS
    RAS Posts: 35,613 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hi, can you clarify when the defaults were recorded on your credit records? These debts will "drop off" your credit record 6 years after that date, even if you never paid a penny towards them. Only other legal action like CCJs would change that date.
    If you've have not made a mistake, you've made nothing
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