Defaults on credit report

supasick

I was a total twit with credit and money when i went to uni. I have now belted up and am repaying everything i owe. Thing is i have several defaults on my credit report. How long do they stay on a credit report for? For example, default one originally defaulted 3 years ago, but am still making repayments. Does the default 'time' run from original defualt or when i have repayed the account?

Thing is in 4/5 years i'm getting a rather large inheritance and i want to get at least one mortgage to get my own place, possibly more than one house. I'm hoping that the defaults wont affect the getting of a mortgage!

whew, just have to point out, being a grown up is flipping hard!

Tixy

6years from the date of the default as shown on the file.

If you pay them off before 6years they'll show but as satisfied defaults.

Hopefully they'll have gone by the time you are looking to get a mortgage, and if its close it might be worth waiting until they do drop off - you still might be able to get a mortgage with old settled defaults still on file but only at a much higher APR and needing a larger deposit that you otherwise would (obviously this is based on how it would be now in that situation, as can't predict the mortgage situation in a few years and how easy or hard they'll be to get.)