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credit ref - debt is it worth paying off quick?
kittenface_2
Posts: 3 Newbie
Hi been lurking on these boards for a while and finally plucked up the courage to post!
Had my LBM recently and just been to see a CAB debt advisor. He told me to write to my creditors and do a SOA and work out how much I can offer them.
My question is as I now have a credit card default on my credit history which will be there for 6 yrs is it worth me breaking my back to get these debts paid off asap? If I sort out my debts before the 6 yrs will i be able to get credit (ie mortgage)?
The CAB advisor said to make sure that i dont leave too much available funds to pay debts on my SOA by adding a bit to my outgoings.
What do you think?
Had my LBM recently and just been to see a CAB debt advisor. He told me to write to my creditors and do a SOA and work out how much I can offer them.
My question is as I now have a credit card default on my credit history which will be there for 6 yrs is it worth me breaking my back to get these debts paid off asap? If I sort out my debts before the 6 yrs will i be able to get credit (ie mortgage)?
The CAB advisor said to make sure that i dont leave too much available funds to pay debts on my SOA by adding a bit to my outgoings.
What do you think?
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