Comments on: Debt Management FAQ http://www.yesdebtfree.co.uk/articles/debt-management-faq/ Free Debt Advice, Articles and Tips to live Debt Free Wed, 25 Jan 2012 16:55:29 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: patricia http://www.yesdebtfree.co.uk/articles/debt-management-faq/comment-page-1/#comment-183 patricia Fri, 15 Jan 2010 13:24:49 +0000 http://www.yesdebtfree.co.uk/articles/?p=98#comment-183 Are you planning to buy a new home or do you already have one like your parental home? You are not supposed to take any more credit when you are on a DMP. If you are planning to take a larger mortgage then your DMP might be at risk. Moreover, it will be quite difficult for you to get a mortgage at this stage (at a reasonable rate). You will need to clear your debts and repair your credit rating before you could get a decent mortgage. So let your DMP be successful and then only it would be wise to get a new home for your family. Are you planning to buy a new home or do you already have one like your parental home?
You are not supposed to take any more credit when you are on a DMP. If you are planning to take a larger mortgage then your DMP might be at risk. Moreover, it will be quite difficult for you to get a mortgage at this stage (at a reasonable rate).
You will need to clear your debts and repair your credit rating before you could get a decent mortgage. So let your DMP be successful and then only it would be wise to get a new home for your family.

]]> By: collin http://www.yesdebtfree.co.uk/articles/debt-management-faq/comment-page-1/#comment-182 collin Fri, 15 Jan 2010 10:56:17 +0000 http://www.yesdebtfree.co.uk/articles/?p=98#comment-182 i have a question as i am on a Debt Managment Plan. i want to move to a new home as my family needs a bigr space. can i do that? i have a question as i am on a Debt Managment Plan. i want to move to a new home as my family needs a bigr space. can i do that?

]]>