I am in my 2nd year of DMP. I owed like 54k and now its down to 38.8k. My scores are not that bad, but still prohibiting me from being able to pg for business loans. Im trying to get my scores over 700, which may happen soon, so I can transfer my dmp balances and exit the program. My EXP should be going up to 685ish. I think once I get over 700, I can get some business cards and start the process. Meanwhile, my balance drops like 1k a month. If I could shed off another 15k and pay on time for another 6-9 months, my scores should look good.

Nice work so far!


Have you had any problems with creditors, payments or errant credit reporting?

No everything has been as advertised. I had to do it because of rate jacking. My avg apr was prolly in the mid 20s the time I entered and now is prolly 12% in dmp.


Actually , I did have lates posted in the beginning but I was behind when I entered. If you are enrolling, just be aware of this and make sure you are on time. Can be a good thing if your in a situation like mine, I think. Did suck not having access to credit, but I now have a couple of business credit cards so I get by.