NEw Borrowing after 6 year defaults with lenders???

pascal223

I have 6 creditors with whom 4 i have settled, two as partially settled and two full and final.

The other two are still ongoing

Nationwide Credit Card
£9800 CCJ and debt charged against my home.

Santander Personal Loan
£8800

Both of these are 6 years old next summer and drop off my credit file. However i will still keep paying my £80per month to them.

My questions are these

1. Do I have to disclose to a mortgage lender these debts which are in the background?

2. If I have partial settlement on a credit card debt which is now dropped off my credit file, say with the Lloyds group, will I still be able to get new borrowing with that lender?

Thanks

glentoran99

pascal223 wrote: »

I have 6 creditors with whom 4 i have settled, two as partially settled and two full and final.

The other two are still ongoing

Nationwide Credit Card
£9800 CCJ and debt charged against my home.

Santander Personal Loan
£8800

Both of these are 6 years old next summer and drop off my credit file. However i will still keep paying my £80per month to them.

My questions are these

1. Do I have to disclose to a mortgage lender these debts which are in the background?

2. If I have partial settlement on a credit card debt which is now dropped off my credit file, say with the Lloyds group, will I still be able to get new borrowing with that lender?

Thanks

1. Yes as it will be an outgoing payment that will show on your bank statements

2. Possibly but probably not depends what the keep recorded internally

pascal223

glentoran99 wrote: »

1. Yes as it will be an outgoing payment that will show on your bank statements

2. Possibly but probably not depends what the keep recorded internally

Thanks for the fast reply.

1. Yes i figured this may be the case, I offered 50% settlement to Nationwide they said not a chance as the debt is secured against my home

2. I have a large concern as the partially settled debts are with lenders that own multiple companies.