Credit Rating Advice

Paddywack41

In the past I was extremely silly and got myself into a lot of debt. Since then however I have paid of a number of debts but there are some which realistically I wont be able to pay off (unless the lotto comes in).

As the situations stands at present (according to my experian records) I have the following:

A credit rating of Fair
1 x CCJ
4 x Outstanding Defaulted Debts totalling £22k approx which are being paid at a small amount each month.
8 x Satified Entries made up of satisfied defaults and normal paid off credt
3 x Current Debt which is being paid regularly with no issues.

I would like to improve my credit record to allow me to get affordable credit in the future and the issues are these, The CCJ and the outstanding defaulted debts are all defaulted from approx 09/2003.

It is possible that i may be able to borrow from a friend approx 6-8k which I could offer as full and final payment for the default debts BUT if these debts and the CCJ move of the credit record in September 09 which i believe (perhaps mistakingly) they do even if the balance is not paid. Would it be better to keep paying the minimal amount I am paying to the creditors at the moment and if so would the removal of the defaults and CCJ by age on the experian records help increase my credit rating?

I look forward to your advice.

Regards

John

RAS

Hi

The CCJ and defaults fall off your record in 09/2009, so why not just wait for them to do so normally, then see what the record looks like?