Defaults when settled~

LolStevo

Hey guys,
can anyone advise me how damaging defaults are even when marked satisfied or settled?

Iv got 12 :eek: yes 12 defaults from when i was a student and my debt totals about 3000pound! I hate myself for getting stupid 50 pound defaults but i cant turn back time!

I eventually want to get a mortgage and finance etc but it seems nothing i do will help my situation! (I havnt had any credit for about 2/3 years)

Tixy

How old are your defaults?

after 6years they will drop off so will have no impact. But your chances of any decent credit products with that sort of number of defaults is pretty remote.

Once they are settled and maybe 3-4 years old you may be able to get a subprime card which you can use to start improving your credit rating.

leemuddywaters

LolStevo wrote: »

Hey guys,
can anyone advise me how damaging defaults are even when marked satisfied or settled?

Iv got 12 :eek: yes 12 defaults from when i was a student and my debt totals about 3000pound! I hate myself for getting stupid 50 pound defaults but i cant turn back time!

I eventually want to get a mortgage and finance etc but it seems nothing i do will help my situation! (I havnt had any credit for about 2/3 years)

I have 2 defaults one settled and one not, in 2 years they will both be off my report for good, i havent had credit in four years now and its been a nightmare, and on these occasions it was not my fault..

LolStevo

they are all from around 2005-2007, im starting to settle them one by one and get them wiped off! thanks guys x