Senior Contributor
Posts: 3,377
Registered: ‎11-30-2007

? about DMP

If one is involved in a dmp, and decides to discontinue it early, does the bureau status go from MANAGED BY DMP back to being managed by consumer?  Just wondering....

Mega Contributor
Posts: 17,456
Registered: ‎03-19-2007

Re: ? about DMP

It's not automatic, as the CRA has no way of determining such a status. 

It would require the party who reported that information to update their reporting. 

Super Contributor
Posts: 5,679
Registered: ‎10-06-2007

Re: ? about DMP

IMHO no.  My reason is that long after I finished DMP, the comment about being in one is still on my CR.  Not to worry though since as far as I know it has not impacted my ability to get new credit.

09/12/2013 FICO: EQ: 772 EX:813 TU:752
Posts: 12,952
Registered: ‎04-15-2011

Re: ? about DMP

Are you in a better situation where you no longer need the DMP?   If so then it's time to get serious and pay those debts off.  I was in your situation, but my DMP program absolutely crashed my credit.  It wasn't till I got out from under them that I was able to actually get some stuff cleaned up.

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