Credit file advice please

lollybabe

Hi there,

My credit file is looking rather good at present apart from one entry of a Wonga loan.
I defaulted on an agreement last year and missed several payments.
The credit file shows two negative factors
1 - the account is classed as delinquent
2 - there are recent missed payments showing (lots of red circles for the previous months info)

I am now in a position to clear this and I would like to know opinions please. Would I be better to clear it in full immediately (this would mean the account is showing as settled/satisfied- I'm not sure which- but would still show lots of red circles - late payments in the previous years worth of payments
OR
would I be better off making regular payments for the next year to clear it so that the payments history is showing green positive circles?
Either way it will be paid in full. I am not looking to get credit in the near future but am wondering the best way to 'clean up' this solitary blemish on my credit file!

Thanks in advance x

fermi

Assuming there is not actual default recorded, then would likely be best to get it paid off ASAP. In the long term that will shorten the time any of the negative info stays on your report.