Confused over part-settling some accounts?

krs360

Right,

If anyone could clear this up for me I would greatly appreciate it.

I have some old Lloyds accounts which went into default in 2009/2010. I've managed to agree F&F figures with the two companies for about 50% of the balances. They will mark the accounts as partially settled.

These accounts will have been marked as defaulted on my report for 6 years in approximately 12 months time. If I take these settlements and they are marked as partially settled will they have any impact on my ability to get credit once the six year mark has passed?

Do they get moved to another section and get marked as partially settled and continue to have an impact or are they TOTALLY gone?

Thanks,

glentoran99

6 years from default they will be gone, settled, part settled, or not a penny paid off

fermi

No impact when dropped off, and they will be gone completely with no evidence they ever existed.