Defaulted Credit Card / Loan Advice Needed

FrancisFamily

Hi,

I'm hoping that somebody can offer me some advice as to what I should do.

I suffered from a gambling addiction that lead to me spending 10 months in residential rehab five years ago. Since then I have had the occasional relapse, but have now turned my life around, working hard I have also got married and have two stepchildren.

My aim with my wife is to get try and part rent part buy a house - we are fed up of paying £700pm rent and would rather buy if possible. I have got two old debts that I defaulted on a number of years ago, one is a Capital One Loan £5,300 o/s (being managed by iQor) and the other is an Egg Credit Card £1,400 o/s (managed by CapQuest).

For the last four or five years, I have been paying between £10 & £25 to each company on a monthly basis.

Strangely, neither show on my Experian credit report and I have a score of 981, yet the creditcard shows on my Equifax report with a default date of 2007. If I view a report on Noddle it shows both of the debts.

Can anybody make a suggestion as to what I should do? Do I need to clear the debts before I apply for a mortgage, or will the fact that Experian give me a good score mean some people will consider me a suitable risk?

We are trying to save for a deposit at the moment, and obviously paying the token amounts each month is helping with the savings, but am I wasting my time on the basis that I wouldn't be elidgable for a mortgage anyway?

Any advice would be very greatfully received.

Thank you, Dan.