If you are in a debt management plan, getting a mortgage is not impossible. But you may need a larger deposit and be prepared for pay a higher rate of interest. A debt management plan (or DMP) can be used to manage a personal debt problem. It is an informal agreement with your creditors to significantly reduce monthly payments to unsecured debts like credit cards.
Although reducing the amount that your creditors are paid each month can be a life saver, this does not
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