Renting a property with a debt management plan ?

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Glenys.hn

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Post by Glenys.hn » Sun Oct 03, 2010 10:39 am
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Will a debt management plan affect my ability to rent a property
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kallis3

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Post by kallis3 » Sun Oct 03, 2010 10:57 am
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Hi and welcome to the forum.

You should be able to rent a property. You might have to put down a bigger deposit as your credit rating may be impaired but I think you will be ok renting.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Glenys.hn

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Post by Glenys.hn » Sun Oct 03, 2010 11:39 am
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Thank you for the advice.
Glenys.hn wrote:

Will a debt management plan affect my ability to rent a property
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wicksay

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Post by wicksay » Sun Oct 03, 2010 9:21 pm
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Hi. I've been renting many different properties the whole time I've had an IVA and I have never had any problems.
Lee
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Andrew Graveson

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Post by Andrew Graveson » Mon Oct 04, 2010 4:12 pm
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Hello Glenys.hn,

Our debt management plan clients haven't reported any significant issues with renting new properties.

Its best to raise the issue with the agent prior to them doing a credit check.

This will give you the chance to explain to them that your debt management plan actually prioritises rent payments.
Andrew Graveson
Bright Oak Ltd
UK Debt Management Company
Website: www.brightoak.co.uk
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