Debt, repayment and mortgage

Adisco

As a result of my debts of about £6k, I was declined a mortgage policy ion for my first home. But the debt management companies have advised that it is better to settle debts in full rather thn getting the discount if one wanted to pay off the debt.

Please advice, I want to clear the debts in the next 4months nod hopefully be buy my home in 1st quarter of 2015?

Full payments or partial payments to settle debts.

Tixy

Are you in a DMP/ have you historically got behind with payments?

Do you have defaults on your credit file for these debts?

If so what are the dates of those defaults on your credit files?

If the accounts are still going to be visible on your credit file at the point you apply for a mortgage then all other things being equal having the debts showing as fully paid would be preferable to partially paid.