need some clarification

stephg20

Hi guys

Slightly new to MSE, came on here to get some motivation for paying my debts off and i found it so thats good. I have about 7 creditors and my credit score is 71 on experian and 1/5 on noddle which is understandable.

Just need some questions answering about my credit file though.

1.) When i have paid all this debt off will the creditors drop off my credit file 6 years after the original default date?

2.) When this happens will my credit rating reset back to 0 or what??

3.) Is there any chance of me getting a mortgage after all of this? I currently owe about 5 grand on a student O/D, phone contracts and BT etc.

Thank you in advance

rizla_king

1 yes
2 will just be what it is is from anything left on your file. random number
3 no one will led on a mortgage when you are £5K into a student overdraft

stephg20

Im not 5 grand into a student overdraft, 5 grand is my total level of debt at the moment and i meant will anyone give me a mortgage when im debt free?

Thrugelmir

Once debt free. You need to focus on saving for a deposit. Take a look at Nationwide's Save to Buy Scheme for example.