We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Pay off full debt or partially satisfy?
toasty_base
Posts: 1 Newbie
I have recently recieved my credit file through the post from Experian and it has showed an outstanding debt of £176.02. Me and my partner are looking to apply for a mortgage soon, so looking for some advice.
I spoke to the debt collection company today and they were happy for me to pay off 50% of the final total to settle the debt, they did mention that they will update the file to partially satisfied.
How much of a difference would it make to potential lenders if I have paid the full amount or if it is noted as partially satisfied?
Any thoughts would be welcomed.
I spoke to the debt collection company today and they were happy for me to pay off 50% of the final total to settle the debt, they did mention that they will update the file to partially satisfied.
How much of a difference would it make to potential lenders if I have paid the full amount or if it is noted as partially satisfied?
Any thoughts would be welcomed.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards