DMP - Scared about the future.

Squiggles2312
Squiggles2312 Posts: 21 Forumite
Ninth Anniversary 10 Posts Name Dropper Combo Breaker
edited 11 June 2024 at 4:04PM in Debt-free wannabe
Hi all,

I have read many forums and wondered if I could ask some of you for advice.

I started dating someone from work at the beginning of the year (we have been friends a long while before) just as I entered a DMP. He doesn't know about my debt or my DMP (I didn't feel the need to tell him so early on).

I was renting a flat by myself, paying off my DMP and for the first time in years...happy!

My landlord dropped a bombshell last week that he wants to sell....I have contacted some estate
 agents in my area, who have said they wont even look at my application because I'm in a DMP.

My partner then suggested his rental is expiring this year, so why don't we move in together and rent before one day buying!

1. I don't know what to do about my rental situation. Has anyone got any advise when it comes to renting with a DMP.
2. I know I need to come clean and tell him about my DMP situation, as I have another 2 years left to pay. But selfishly scared he will walk away from me when he does know. 

Thanks all x

«1

Comments

  • Firstly just because your landlord wants to sell you don't have to move out when he wants.

    Go on to the House Buying, Selling and Renting board for advice.

    Secondly you should tell your boyfriend, if he leaves then he wasn't worth being involved with, you need to start your life together telling the truth.
    If you go down to the woods today you better not go alone.
  • Thank you for your response @Grumpelstiltskin!
  • sourcrates
    sourcrates Posts: 31,206 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Hope your DMP is a free one.
    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-letter
  • RAS
    RAS Posts: 35,078 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    How come the EA knew about your DMP? This is an informal arrangement and doesn't show up on credit checks.
    If you've have not made a mistake, you've made nothing
  • stu12345_2
    stu12345_2 Posts: 1,576 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 11 June 2024 at 7:22PM
    good question cos a dmp isn't on your credit report,  you would worry more about ccj. and bankruptcy reports on credit file .

    did you tell EA you had a dmp.

    on a side note  I had an old girlfriend of mines about 17 years ago, I had a protected trust deed in Scotland, like an English IVA and I only had £15 allowance to spend at weekend at nightclubs etc , my leisure limit.

    she asked why I only spend £15 max, I told her about my trust deed, anyway we split 3 months later, think she was after a solvent big spender boyfriend.
    Christians Against Poverty solved my debt problem, when all other debt charities failed. Give them a call !! ( You don't have to be a Christian ! )

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  • Rob5342
    Rob5342 Posts: 2,362 Forumite
    1,000 Posts Third Anniversary Name Dropper
    According to Stepchange letting agents can only see public records like ccjs and bankruptcy but defaults or details of your debts. Did they ask if you were on a dmp or did you tell them? 

    It's only fair to tell him aboit the dmp as he'll be taking a financial risk moving in with you. Explain the dmp to him and when it will be paid off, then you both know where you stand and if you can make it work. Every relationship has difficulties to work through at some point. 


  • fatbelly
    fatbelly Posts: 22,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    RAS said:
    How come the EA knew about your DMP? This is an informal arrangement and doesn't show up on credit checks.
    We've had a few posts like that recently, some on the housing board.

    People seem to think they have to declare this.

    Estate agents believe it's fatal to a creditcheck.

    Of course, both beliefs are false.
  • sourcrates
    sourcrates Posts: 31,206 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Yep, only insolvency or bankruptcy will show on a credit check.

    Debt management does not have to be declared.
    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-letter
  • sparks_2023
    sparks_2023 Posts: 186 Forumite
    100 Posts Name Dropper First Anniversary
    Yep, only insolvency or bankruptcy will show on a credit check.

    Debt management does not have to be declared.
    Just to clarify are you saying that on a rental credit check then defaults do not show ?
    Leap Day 2024 - the day of freedom. The day my pernicious debts finally died.

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  • Sly72
    Sly72 Posts: 206 Forumite
    Third Anniversary 100 Posts Name Dropper
    Defaults will always show on your credit report for 6yrs from the date the debt was defaulted.
    I have Dyslexia which is a learning difficulty that primarily affects the skills involved in accurate and fluent word reading and spelling so some post may not make sense.
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