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Credit File Advice

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Hi,

I am in the process of settling a lot of my debts so in theory can start with a clean slate. I had several loans in default that I was repaying through collection agents and have 2 active credit cards, my current account with no overdraft and a mobile contract.




I currently have a score of around 600 and intend to keep one of my credit cards with a small balance going on and off straight away each month.


Basically I just want to know when I will see it start to go up and what benefit I will get from settling these defaults. Can anyone help?


Thanks

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Settling the benefits is the start of a new beginning. After that you will need to maintain an impeccable record for some time. As its time that heals.
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