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| The independent answer to your debt problems | login join |
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Jaymo
| 18-08-2009 04:36 PM |
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Joined: 18 Aug 2009 Posts: 3 | Hi Thinking of DMP. Would take me 10 yrs with CCCS to pay off debts, but how long does the arrangement actually stay on your credit file? Am I right in thinking, any credit account stays on your file for a maximum of 6 years, and if so, does that mean 6 years from account being opened, or 6 years from when the account is actually 'settled' Sorry if havent made myself clear here, I know what i want to say, but don't think im saying it clearly.. Thanks |
| DW George | 18-08-2009 06:18 PM |
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Joined: 01 May 2007 Posts: 494 My Profile | A debt management plan is a re-negotiation of your current arrangements, which means if you are on a DMP, provided you keep up with your payments should have only a small effect on your credit score. The formal actions against you eg CCJ's etc will drop off your credit history 6 years after the date it was first registered. George |
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debtconsolidator
| 21-08-2009 01:08 PM |
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Joined: 21 Aug 2009 Posts: 5 | i also have similar question. What is the timeline of an inactive account? And if something is still in the account is it as good as i lost? |
