DMP Full and final settlement

[Orangesandlemons77]

Hi just wondered if anyone had experience of making a full & final settlement for a debt management plan please.

Yes, with Stepchange. I paid the last lump sum off in one go. Very straightforward.

@ilovesooty

Yes, with Stepchange. I paid the last lump sum off in one go. Very straightforward.

Thanks, can I ask did you pay the full amount or a proportion? I hear they can accept offers..

I paid the full amount - my financial circumstances had improved and I just wanted to pay off what was left and get on with my life.

@ilovesooty

I paid the full amount - my financial circumstances had improved and I just wanted to pay off what was left and get on with my life.

Great, thanks, well done paying it off!

@Orangesandlemons77 thank you. It was a considerable amount and I was well on the homeward stretch when I was able to settle it after 9 years.

Good luck to you.

[quote ilovesooty]@Orangesandlemons77 thank you. It was a considerable amount and I was well on the homeward stretch when I was able to settle it after 9 years.

Good luck to you.[/quote]
Thanks. I had one of these years ago and was glad to find my credit rating was good in the long term. I thought it would impact it but after a few years (6 I think) it doesn't