Hi all,
This is my first post on this site and really a cry for help.
Im currently in the armed forces and im facing redundency. Im currently living in a military quarter with my family. Im also on a debt management plan with gregory pennington and i think im going to struggle getting a mortgage if the poop hits the fan. The issue is that i cannot afford to pay the debt managment plan off until i get my redundency money and i cannot be proactive and apply for a mortgage until the debts paid off. Im worried because ive also heard that the stigma of debt mangement can stay on your credit rating for over 6 years even after its been paid off. Ive worked really hard to pay my debt off and ive already paid off over £20,000 worth of debt with around £8000 left to pay. Ive had a mortgage before and i had a really good history with it but i sold the property so my wife could live with me where i was based. Any advice is totally welcome as i am an institutionalized wreck and full of worry, cheers:(
This is my first post on this site and really a cry for help.
Im currently in the armed forces and im facing redundency. Im currently living in a military quarter with my family. Im also on a debt management plan with gregory pennington and i think im going to struggle getting a mortgage if the poop hits the fan. The issue is that i cannot afford to pay the debt managment plan off until i get my redundency money and i cannot be proactive and apply for a mortgage until the debts paid off. Im worried because ive also heard that the stigma of debt mangement can stay on your credit rating for over 6 years even after its been paid off. Ive worked really hard to pay my debt off and ive already paid off over £20,000 worth of debt with around £8000 left to pay. Ive had a mortgage before and i had a really good history with it but i sold the property so my wife could live with me where i was based. Any advice is totally welcome as i am an institutionalized wreck and full of worry, cheers:(