Credit record improvements

edinburgher

2011. It was a dispute over liability.

Tbh I think you'll be lucky to convince the TA that your finances are together. You'll have to be *very* persuasive - best of luck.

jomo1972

Even if I pay the default off in full?

edinburgher

Even if I pay the default off in full?

Was that defaulted account the one where you said they added the default well after the event? If not, I don't think you'll have much luck - on paper it looks like you have current credit issues.

Please consider some of the other things suggested tho, my opinion is exactly that!

MoneyWasting_Expert

jomo1972 wrote: »

Even if I pay the default off in full?

Well thats minium requirement, I think you would need all CCJ's and Defaults settled before your no longer a risk. Thats about the best you can do before they all drop off. That way you show them that despite past hardships you no longer owe any money.

jomo1972

They would be all satisfied.

Essentially it looks like this - 2005-2006 credit problems.

2006-2007 - some defaults added. They will all drop off in about 2013.

2008 - CCJ. That will be paid off in about 2 years but will obviously still show.

2011 - default for about £300 over a debt that I maintain is mostly bank charges. I can swallow my pride and pay it in full I suppose if it comes to it.

edinburgher

2011 - default for about £300 over a debt that I maintain is mostly bank charges. I can swallow my pride and pay it in full I suppose if it comes to it.

It's not paying it that's the issue, it's the fact that you got it and it's going to sit on your credit report until 2017.

jomo1972

But won't they sometimes remove it if I pay it off in full?

Also, I can't really imagine that a debt of £300 which is repaid is going to derail an application in itself if that were the only thing visible.