A default with a partial or fully settled

lookingforthelight

Hi,

A creditor told me that my account has a default, which I knew, but they also said my credit file would look better if it was a default with fully settled compared to default with partial settled.

I thought a default is a default and whether its fully or partially settled wont make any difference to how bad it looks. Is that right?

Thx

rdchick

how old is the default? I guess it could make a difference if it's nearly gone but not entirely sure xxx

Tixy

Fully satisfied looks a bit better than partially settled to some potential lenders - but neither look great anyway as you still have a default which is already have a major effect - and putting most lenders off.
And of course it can only have an effect for the rest of the time the account shows on your file anyways.