topic Re: DMP remarks on credit in Rebuilding Your Credit

DMP remarks on credit

Anonymous — Mon, 23 Oct 2017 22:01:10 GMT

So my husband and I were both in debt management programs but stopped the program two months ago and decided to handle things on our own. We submitted a mortgage application today and one issue is that several accts say they are managed by a DMP. My lender is supposed to call back tomorrow with some advise but wanted to see if anyone has any solutions for getting that remark removed. I also have a couple saying consumer disputed. Any advice on that as well??

Re: DMP remarks on credit

gdale6 — Tue, 24 Oct 2017 01:33:16 GMT

@Anonymous wrote:
So my husband and I were both in debt management programs but stopped the program two months ago and decided to handle things on our own. We submitted a mortgage application today and one issue is that several accts say they are managed by a DMP. My lender is supposed to call back tomorrow with some advise but wanted to see if anyone has any solutions for getting that remark removed. I also have a couple saying consumer disputed. Any advice on that as well??

For the DMP remarks you would dispute those and that you are not in the program currently. The disputed comments you would call the CRA and tell them you are not disputing anything and request they be removed.

Re: DMP remarks on credit

marty56 — Tue, 31 Oct 2017 12:03:40 GMT

gdale6 wrote:
For the DMP remarks you would dispute those and that you are not in the program currently. The disputed comments you would call the CRA and tell them you are not disputing anything and request they be removed.

From my own experience, those remarks have had 0 effect on my ability to get credit including a mortgage refi.

O/T - Why did you exit DMP? If they reduced the interest rates and you stop the porgram, the CCC should have raised the interest rates.