confuzzled by credit files

reason2

Hello

I am in the process of trying to make a cheeky few full and final offers.. to finally clear of some of these haunting debts..

my file basically has 1 account which is ok - my bank account.. everything else is long standing default.

My question is.. if after 6 years things drop of your file - do this technically improve your rating with it no longer showing, or does it continue to have a negative effect.

I ask because a lot of my defaults are from nearly 6 years ago so if they are due to drop off in a month or 2 is it worth including them or should i focus on the ones that are going to remain.

Will clearing with a full and final help improve it too?

at the moment i cant get a new bank account, i cant get even a sim only contract on a month by month basis, i can get nothing!

Also, can you offer F&F on accounts where a CCJ has been issued..

Cycrow

if its not on your file, it will not effect any credit scoring from lenders as they will not see it.

settling a default can look abit better, but its still a default, some lenders may look favourably if its settled

Tixy

reason2 wrote: »

I ask because a lot of my defaults are from nearly 6 years ago so if they are due to drop off in a month or 2 is it worth including them or should i focus on the ones that are going to remain.

Will clearing with a full and final help improve it too?

You may want to focus on the others first.
Are you currently making repayments on the old defaults?

reason2 wrote: »

Also, can you offer F&F on accounts where a CCJ has been issued.

You can try. As with all F&Fs the creditor will consider if this is the best chance of them receiving a reasonable amount of the debt in a short space of time.

Thrugelmir

reason2 wrote: »

Will clearing with a full and final help improve it too?

No, as your credit file will be marked as such.

Forget about the credit score tackle the debts.

InsideInsurance

reason2 wrote: »

Will clearing with a full and final help improve it too?

It will help a little but many lenders will have an issue with the "full" part as presumably you arent offering full payment.

Many lenders will be much happier accepting your offer as a "partial and final" settlement but the accounts will be marked as closed but partially settled on the CRAs

The really important word for you is final - whilst ideally it would be full rather than partial your priority should be clearing debt now rather than prepping to get more debt again