Orange & Capquest Defaults Need Help!!

georgealley_2

Hi
I wonder if you can help me i have 2 defaults on my account one from capquest and one from orange the capquest one i have agreed to pay 240pounds of which i have paid 200 and have 40 to pay next week and the orange bill i have 175 left outstanding.

these defaults are from 2009 and 2010

i need some advice on how to remove them i understand i shouldn't have defaulted in the first place but hey hoe no-ones perfect.

it is seriously affecting my financial situation and i need to get a mortgage can anyone give me some info on how best to attempt to get them removed.

it seems like i read everything and it says it takes 6 years but then i think ok well what is the point on paying it off if for the next 6 years i cannot buy a house or get any type of finance?

can someone please give advice i am willing to pay to get these off of my record as i am now in a stable job

thanks for your help

fermi

If you did default, then it's unlikely that they will agree to remove them.

They do stay for 6 years, but towards the latter half of that they aren't always the barrier to credit that you might think. Especially if settled. May be restricted to worse deals or whole of the market lenders, but people do manage with older ones there.

georgealley_2

it seems to be even if you pay them they don't go away so why pay them

i know its not the attitude to have but thats the way it comes across. I'm willing to pay them lol

fermi

If you don't pay them then there is always a risk that they could go to court sometime in the next 6 years. That would be a CCJ or your credit record for another 6 years from THAT point onwards.

It is admittedly unlikely, but not a negligible risk.

MusicalLawyer

I was contemplating asking creditors to remove my defaults. I need to apply for quite a large (£12,000) loan between July and September of 2013 - but have FIVE defaults on my credit file, plus one arrangement on another account. One will drop off by then, but the others will be just at the half way mark. All will be settled, and even new loans have been paid off early.

Still doubtful I will get this loan though

sugarplum10

Kelly king not wanting to go off topic but why possibly if you have 5 defaults and such a damaged credit history would you possibly get a loan of that amount!!!??? You are asking for trouble hun, sorry if that is harsh but please try to regain your LBM!!! More debt-- really?? Please be careful!!