Lost my job due to Defaults on Credit Report - pls help!

znowdonia

Hope you can help me?

I have been working in my new job (Investment Banking) as a contractor for a year now and got offered a permanent role. When then did a 'thorough' credit check they asked to see my Credit Exeprian report which has 6 defaults on there (from when I lost my job a few years ago and couldnt keep up with repayments and STUPIDLY buried my head in the sand). Because of these defaults they have decided to withdraw the offer of a permanent role AND end my contract.I have been making regular repayments without fail for 2-3 years now on all these defaults.My questions are:

a. if i manage to come to an agreement to settle the account will the default STILL STAY on my report until the 6 years is up?
b. if im making regular repayments can they change the default 'level' (its at 8)?
c. is there any way to get these defaults removed?

I fear this is going to affect every job I try to get now... in my day the credit checks werent so stringent but it seems now times have changed.

Really appreciate any advise you can give me

fermi

a. Yes. Unless you can negotiation otherwise. Most creditors will not agree to that though.
b. No. Once at that, it stays at that, permanently.
c. Only if they were applied unfairly for some reason.

znowdonia

Thank you... If this is the case though surely some people would choose not to pay the whole debt off as it seems to make no difference if you do and the default dissappears after 6 years anyway? Or is that not the case? (I am paying mine off by the way, I am just curious)

kit77

Did they not do a credit check when you were first taken off? Before they did the credit check did you disclose your defaults.

If you didn't then I can see why they have terminated the contract. Part of these checks are integrity (SP) checks.

I'm sorry this has happened as surley you have been a good worker to get offered a permanent job with them.