Debt Management Plan Frequently Asked Questions (FAQ)
Will my credit rating be affected if I go on a Debt Management Plan?
If you have missed or made late payments to your creditors, then it is likely that your credit rating is already damaged. Indeed, your creditors may have issued default notices because you have not maintained your contractual payments.
This information will be available to any potential lenders and will affect your ability to obtain credit. However it is important to remember that you should not be taking out further credit until your existing debts have been repaid.
Remember though, the fact that you are taking positive steps to clear your debt should help to rebuild your credit rating in the future.
For more information, call us on
0800 707 6109 or simply fill in the online application form on the left. Our initial advice is free and completely confidential so why not give us a call today...
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