Whats my best option I can pay off my debt NOW

sfsdfg897fdgd89

I have savings, I am going to use to pay off all my debts,
I want to get a buy to let mortgage as soon as possible, to rent out.

If companies are not on my credit file should I pay them back?

I was told after all my debts are paid off I can apply for a mortgage within 90 days is that correct, if not do I have to wait 6 years

I have also been told by a company they can get partial settlement on ccjs, how can they do this?

Also when does a debt become starred barred, when they last contacted you when you last paid them or 6 years from default date?

Finally should I go for full and final settlement or partial, in terms of what will help me get a mortgage

Thanks

marliepanda

6 years from last payment/contact acknowledging means its statute barred.

Defaults and CCjs' stay on your file for 6 years.

Full settlement will look better.

Your file sounds in a pretty dire state tbh if you are looking for a mortgage, never mind the more stringent BTL option. What exactly is on your file in terms of defaults, ccjs?

National_Debtline

Hello there,

Most creditors are likely to register a full & final settlement as a 'partial settlement' on your credit file. This may force a potential mortgage lender to manually assess your creditworthiness. There is a distinct process to obtaining a full & final settlement - we have a useful fact sheet that covers it *here*.

Different debts may have different points where they become statute barred, for most debts this would be either six years from the point in which they could first sue you for the full amount owing under the contract (this is known as the cause of action) - or from the date of your last payment or written acknowledgement if they were made after the start of the cause of action. I really hope this makes sense!

Best wishes,

David @natdebtline

sfsdfg897fdgd89

Heres a list of debts

All debts are between 4-6 years since default

CCJ - legal recoveries: £1968.85
Direct legal and collections (Lloyds TSB) £395.62
Lowell (Vodafone) £329.47
Lucas (Lloyds TSB) £1305
Robinson way (HSBC) £1824
Sandtender (732)

Total
£6554.


How much could I roughly clear them all for in cheapest way, I don't wanna keep going back and forth sending letters.

I was just gonna call each one they confirm amount send me a letter and i pay it.

fatbelly

Read the National Debtline factsheet and follow their advice.

With a ccj and 5 defaults if I were you I'd be waiting for them to drop off your file before applying for a mortgage.

So settle debts for as little as possible and keep saving for your deposit.

Vodafone

Hi bluebat,

If you need any help with the Vodafone side of things, please email me with your details via the link in our profile here.

All you need to do is copy and paste the link into your web browser and it'll take you to the Contact us form on our website. To make sure it reaches me, quote the code WRT135 - MSE in the subject line.

Once sent, you'll receive an automated reply with a reference number. Post back with this and I’ll check I've received it.

Kind regards,

Lee

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Vodafone UK

sfsdfg897fdgd89

should I get a cca,
also because some of these debts will be removed from my credit file in a month, would they take 10% as full and final.

I have a CCJ from 2010, whats the best way to get best settlement on this, I have no assets it was for unpaid university tuition fees

Thanks