Satisfied Defaults Vs Unsatisfied

lozzzy85

morning,

Sorry if i'm covering something that's already been discussed, however I've searched the forums and not been able to find anything that answers my question.

I have two defaults from 2009 (£796) & 2010 (£430) which are satisfied, and for what is worth i have an experian rating of 862 (Fair) for what it worth.

At some point in the not so distant future i need to remortgage my house into solely my name (i got the mortgage with an ex in 2006 when they'd give practically anyone a mortgage).

What i'm wondering is as the defaults are satisfied and aging, how damaging do you think they may be? Is a defaulted satisfied just the same or better than an outstanding default?

I haven't had a whole lot of credit in recent years, as I've been concentrating on paying off my credit debt I created in a drunken teenage haze:beer:, however I have one credit card account still open with £0 balance, which i plan to use to pay for petrol and pay off at the end of each month to show some good use of credit:A.

All advice appreciated.

rizla_king

Satisfied default is slightly better, but the presence of the default in any status is going to put you into the no-go or subprime lending market until they drop off.

jeystone

rizla_king wrote: »

Satisfied default is slightly better, but the presence of the default in any status is going to put you into the no-go or subprime lending market until they drop off.

Nah makes no difference...just wait till they drop off, don't bother paying them...no incentive