They said they used Equifax so I though I would use their online service to get my credit report. I know nothing much has changed on my file except AP ( arrangement to Pay) has started to appear and another load of debt has been paid off. Is having AP on your file as bad has having a default on your file?
I was also in a very amicable relationship with a loan company and noticed that since last September, I had my last credit report in August 2013, they have started to report 6 month late payments. This was a loan where they have never been nasty in the 7 years we have been paying them off in the DMP. They didn't inform me they were dong this.
I also contacted Barclay Card who we owe £370 about the way they have been reporting to Equifax and they say I would have been better off not paying them by the DMP because I have been paying £80 a month more than their minimum and it would have been reported as an in credit account and not as an arranged payment.
In effect the DMP has turned a good account into a bad one.
The same thing is the case with an overdrawn current account I have where I have still been charged interest.
I thought everything was ticking along nicely with my DMP with the "Light being seen at the End of the Tunnel". Now I'm just feeling a bit glum. I will never get into debt again but I do need a job.
I think the time to leave the DMP and start paying direct to our creditors is getting near.