ChatterBank0 min ago
My Debt Management Plan Doesn't Show Up On My Credit Report
1 Answers
Hi, me and my wife are applying for a joint mortgage. My wife has excellent credit history. Our current mortgage is in her name.
We are now applying for a joint mortgage to buy a new property.
My credit history hasn't been great in the past however in recent years it has improved. I obtained my credit report recently and it shows to be good with a credit score of 952 and it indicates that i am low risk.
We have been pre approved for our mortgage but it has now gone to underwriters.
The thing that I am worried about is that I am on a debt management plan and have been for a few years, I've never missed a payment or anything however I'm confused as this doesn't appear to show up on my credit report.
I haven't mentioned I'm on a debt management plan and its only a small amount of repayment, our income is within the means of the mortgage.
I'm worried that the underwriters will see this if they do checks on my banking activity and whether this will affect us getting a mortgage.
We are now applying for a joint mortgage to buy a new property.
My credit history hasn't been great in the past however in recent years it has improved. I obtained my credit report recently and it shows to be good with a credit score of 952 and it indicates that i am low risk.
We have been pre approved for our mortgage but it has now gone to underwriters.
The thing that I am worried about is that I am on a debt management plan and have been for a few years, I've never missed a payment or anything however I'm confused as this doesn't appear to show up on my credit report.
I haven't mentioned I'm on a debt management plan and its only a small amount of repayment, our income is within the means of the mortgage.
I'm worried that the underwriters will see this if they do checks on my banking activity and whether this will affect us getting a mortgage.
Answers
Best Answer
No best answer has yet been selected by Nitro7913. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.