What is better a defaulted and settled or a defaulted and partially settled?

assassink

Or does it make much of a difference anyway as the account has gone to a debt collectors. Many thanks

Thrugelmir

If you don't settle your debts. Why would anyone wish to lend you money again. Default is one thing. Non payment is another matter.

If you lent me £10 and I only repaid £5. Would you then me £15?

nicholaswitchell

assassink wrote: »

Or does it make much of a difference anyway as the account has gone to a debt collectors. Many thanks

Either way you've very little chance of getting credit again.

happy_bunny_2

assassink wrote: »

Or does it make much of a difference anyway as the account has gone to a debt collectors. Many thanks

Settled slightly better. But it's still seen pretty bad.

How old is it?

Thrugelmir

happy_bunny wrote: »

Settled slightly better. But it's still seen pretty bad.

Partially settled may have well come back to haunt one in the future. Finance houses will maintain their own internal lists of do not do business with customers.

rizla_king

Only makes a very minor difference. On older defaults not even that.