Advice sought on my situation

System

This discussion was created from comments split from: DMP mutual support thread part 13 !!.

Brave_Up

Good morning,

I am currently in a self managed dmp with 4 creditors to the sum of 20k and I am looking for some guidance. This has been coming down slowly. I have been renting for 10+ years and now I am looking for a new home due to house being sold. The rent has become so high although a decent salary, poor financial management and im not in a position to buy, even through coownership as I have payment plans ongoing. Just wondering if I was to look to buy once I get my debt sorted what is the best way to go about it? 1. Pay the debts off in full as quickly as I can, which will take at least 5+ years 2. try to get reduced full and final. Im just worried if I go down the 2nd route I will be rejected on account of not paying the full debt. I have never missed my rent, 4 accounts are defaulted for approx 4 years and I have had no missed payments in 4 years. All missed payments are before that when I was trying to get accounts defaulted.

All advice much appreciated

Thank you