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6 years from when to clear file?
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bulccp05laer wrote: »If you only have a few years to go until the 6 years is up then why not write to the creditor and ask if they will settle for 25%.
They may decide 25% is better than nothing. Then you can clear your report a little earlier.
The credit file will then have a record that partial settlement of the debt was agreed. Not an entry to have on ones file when applying for further credit in the future, in particular mortgages.0 -
Debts remain on your credit record for a fixed period after you have paid them off - so if you have not yet paid them off the six year period (or however long it might be - I think it varies for different types of debt)) hasn't even started yet.0
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