Repayment plans and how long to improve score

Lettyspaghetti · 7 November 2017 at 10:01PM

Ive finally decided to get a grip of myself lol and set up repayment plans for the defaults on my credit file and was just wondering once I have set them up and made a few payments does it start to improve my file or does it only improve once the debt is fully paid off?
Also someone told me years ago if you have an account and have made no contact with the company for 6 years since it defaulted then it just comes off your file even if no payment has been made, is that true?

Richey_ · 7 November 2017 at 10:14PM

It’s a marketing gimmick, a made up number to get you to pay £14.99 a month to them for daily number updates.

Your history on the other hand, every lender has their own confidential policies on lending.the general advice the older the default, the less impact it has. Also a fully settled default is better than a partially settled default.

Re your question look up statute barred

forgotmyname · 7 November 2017 at 10:58PM

Your credit file spans 6 years, but the company could get a CCJ 5 years and 11 months after the default, then you get a CCJ instead.

Repayment plans and how long to improve score

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