Hi, this is my first ever post although I have spent hour and hours over the years reading really helpful advice.
A bit about me, im in my 6th year of a DMP paying back £38K with payplan and should be making my last payment at the end of may.
Checking my credit file I have 3 defaults which will come off over the next 3 months but, for one an MBNA credit card now transferred to moorgate I have and arrangement to pay noted on the file.
Is it right that this history of this will remain on file for a further 6 years after I have paid the debt off?
If so is this judged as serious as a default? and make it hard for me to get a mortgage until 2019?
Its been a real struggle in the DMP. I know I got myself in to this mess but I've paid back every penny made sacrifices like holding off starting a family, saying no to many things for a long time and I have been looking forward to the day I'm finally debt free, but today I feel that in effect this debt will hang over my head for a decade in all, despite breaking my back to pay it all back in 6 years.
The light at the end of the tunnel is suddenly a lot dimmer.
Does anyone know anything about the effect of arrangement to pay on a credit file and what it means in the way of being approved for a mortgage? (id never get a credit card again).
Thanks in advance for any advice.
A bit about me, im in my 6th year of a DMP paying back £38K with payplan and should be making my last payment at the end of may.
Checking my credit file I have 3 defaults which will come off over the next 3 months but, for one an MBNA credit card now transferred to moorgate I have and arrangement to pay noted on the file.
Is it right that this history of this will remain on file for a further 6 years after I have paid the debt off?
If so is this judged as serious as a default? and make it hard for me to get a mortgage until 2019?
Its been a real struggle in the DMP. I know I got myself in to this mess but I've paid back every penny made sacrifices like holding off starting a family, saying no to many things for a long time and I have been looking forward to the day I'm finally debt free, but today I feel that in effect this debt will hang over my head for a decade in all, despite breaking my back to pay it all back in 6 years.
The light at the end of the tunnel is suddenly a lot dimmer.
Does anyone know anything about the effect of arrangement to pay on a credit file and what it means in the way of being approved for a mortgage? (id never get a credit card again).
Thanks in advance for any advice.