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Defaults settled and Credit Checks from LA

I am hoping to move after June when my wee one is born and I am paying off 3 defaults on my credit report this month so they will be marked as "satisfied".
If they are marked a such does it still go against me that they are registered on there?

Someone advised me that if Im credit checked by a letting agency as they are marked as satisfied the Letting Agency wont see them as they have been dealt with, but this doesnt sound right to me :huh:
Will the fact that I have defaults even tho they have been paid still go against me?

Comments

  • Atom
    Atom Posts: 295 Forumite
    edited 31 March 2011 at 5:51PM
    A default will stay on your file for 6 years and any lender will see them satisfied or not - defaults hurt you credit profile quite a bit but i do know satisfied defaults look more favourably - you won't get any main stream credit with them on there.
    The only real security that a man can have in this world is a reserve of knowledge, experience and ability.
  • Mum-2-Be
    Mum-2-Be Posts: 102 Forumite
    I thought a Letting Agent would be able to see them. Here's hoping they take into consideration they are settled
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