debt mangment plan

Colligan · 22 January 2013 at 11:01AM

Hi i am currently on a debt mangement plan and pay 160 every month to 4 creditors, my question is i live in a rented property, if i was to move to another rented property and have to go through a credit check would i fail therefore fail to take on a new rented property, thanks?

rizla_king · 22 January 2013 at 1:23PM

Usually not unless you have CCJs.

tulip28 · 22 January 2013 at 1:55PM

If you stayed with the same rental agency would they still need to do another check?

Be honest with them about it before hand and have a plan B in place - you may need a garuntor (sorry spelling bad I know! cant think how to spell it! lol)

National_Debtline · 22 January 2013 at 6:08PM

Hi there

Letting agencies tend to do "soft" credit checks - this means they're looking for specific warning signs like CCJs and/or insolvency i.e. bankruptcy or Debt Relief Orders.

Are you paying this debt management company a fee, or are you using one of the free charities like Stepchange?

Hopefully you won't need a guarantor if you are able to reclaim your deposit from this property and transfer it across to the new one?

Regards

Dennis @NDL

debt mangment plan

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