Questions about our Debt Management Service

including Personal or Business Loan Advice London

What effect will a Debt Management Plan (DMP) have on my credit rating?

If you are not making your contractual monthly payments to your creditors it is likely that your credit rating has already been affected. If you are making reduced payments through a Debt Management Plan many creditors will record this on your credit file.

How long does a DMP last?

This depends on the amount of debt and level of repayment agreed with your creditors. As a rough guide, if you divide your total debt by your monthly DMP payment amount, this gives you the total number of months it is expected to last.

Who will Know I am on a DMP ?

Unlike bankruptcy, a DMP is not reported in local legal notices.

If you have any further questions, please Contact Us.

MK Financial Solutions is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority

HL Partnership Ltd is entered on the FSA register (www.fsa.gov.uk/register) under reference 303397

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.

The guidance and/or information contained within this web site is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Copyright MK Financial 2008 Home | Services | Mortgage Guide | Why Us | Fees | Debt Advice | Debt Write Off | News | Contact Us » back to Top

MK Financial Solutions offers broker services in London, Croydon, Surrey, Sussex and Kent. Our advice and services cover first time buyers, remortgages, commercial mortgages and loans, private secured and unsecured loans, debt problem advice and management and all other debt solutions, a comprehensive insurance package to cover life, unemployment, critical illness, car, home, contents, pets - and all types of business insurance. We specialise in insuring hard to insure items and events. We provide complete financial packages for individuals and businesses. We can offer you a financial solution for your individual and business (including self employed) needs even if you have a poor credit history. We cover all these areas.