A question about : Finally rang Step Change
I have finally took the courage to contact Step Change who were extremely professional and very understanding, didn't once judge me for the amount of debt I owe. I had been managing until I was off sick for 3 months and things more or less went down hill from there. I had already set up payment plans with both Halifax and Nationwide, Very and Littlewoods have been understanding and it was Very who asked me to contact Step Change. Very arranged to ring me back and the advisor informed me it was the best decision I've made. I'm concerned about a few things.........Lloyds I've banked with for a number of years and currently have overdraft in place plus morgage. Step Change have advised me to change banks......I'm also concerned about creditors using debt against my house as I currently own Ј28,000 but house is worth Ј177,000. This is a joint morgage and my wife has excellent credit rating with hardly any debt and pays credit cards off in full each month, she is not included in the DMP so worried about her credit rating and fixed morgage deal when it comes up for renewal in 4 years time. Step Change informed me it will take 5 years and 2 months to repay debts.....How do creditors react to DMP?
Best answers:
- If you have a joint mortgage with your wife then the two of you are financially linked. Your DMP is going to have a negative impact on her credit file.
- Hi Rooster01
Quote:
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