Thursday, 6 October 2011

Can I Get a Mortgage When in a Debt Management Plan?

Article by Steve Jackson








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

credit card debt....

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