Satisfied or paid in full

LolStevo

So I'm trying to better my credit report in the hopes of getting a mortgage in several months time,

I have around 12 defaults of relatively small amounts £40-£2000 totalling around £8000 and a ccj for £4000

Should I just write off I won't be getting a mortgage for a long time?

I was gona offer f&fs but read that they are just as bad as not paid

Any advice what I can do? x

LolStevo

Can no1 help me? cant get any replies on any posts recently!

fermi

Well, with defaults and CCJs on your report, you will likely struggle with a mortgage in the current climate.

DS4215

Anything you pay off in full looks better than something paid off partially. Anything paid off partially looks better than a default or CCJ.

If you can pay everything off then you can start to rebuild your score. How long do you have before the defaults drop off?

Personally, I would F&F the debts for as little as possible then work on improving my position to get a mortgage.

Angry_Bear

I gather that the age of the defaults/CCJ and your deposit will factor quite heavily. I don't know if having these unsatisfied will be a complete deal-breaker, but I would have thought that you would need at least 25% deposit to be considered with that number of defaults, in my opinion, you'd be better using that to clear the debts and wait a couple of years for your credit report to improve.