Settled versus satisfied

geeka

so how long will the satisfied default affect my credit score for?

Orlando_Virgin

geeka wrote: »

so how long will the satisfied default affect my credit score for?

I think it's similar to a CCJ, 6 or 8 years? Unfortunately once a default is placed on your credit file it's very difficult to get it removed. Try to get any potential credit lender to take in to consideration that you have since satisfied the default. All though in truth it makes very little difference as it is usually all automated and gives the lender a "yes they are good for credit" or "no".

The_Boss

geeka wrote: »

so how long will the satisfied default affect my credit score for?

It will stay on your file for 6 years from date of default.

The extent to which it affects your 'credit score' will differ from lender to lender as each have different credit scoring criteria. If you are referring to your Noddle score then that was covered in my first post that you didn't bother to read initially.

The_Boss

By the way, Taking Control's answer is correct, which I was getting to with my question, whereas simeyb's response is rather waffley and incomplete.

geeka

I did read your first comment, thanks for that. I was referring to Equifax/Experian score which is done differently. No need to be arsey.

The_Boss wrote: »

It will stay on your file for 6 years from date of default.

The extent to which it affects your 'credit score' will differ from lender to lender as each have different credit scoring criteria. If you are referring to your Noddle score then that was covered in my first post that you didn't bother to read initially.

The_Boss

geeka wrote: »

I did read your first comment, thanks for that. I was referring to Equifax/Experian score which is done differently. No need to be arsey.

Well you obviously didn't read it as you posted after in response to someone else but not to my question, which would have lead you to the correct answer.

No matter. You finally got the correct answer from Taking Control so hope that helped.

geeka

Thanks for your help.

The_Boss wrote: »

Well you obviously didn't read it as you posted after in response to someone else but not to my question, which would have lead you to the correct answer.

No matter. You finally got the correct answer from Taking Control so hope that helped.