All Defaults removed & Partial settlements

Chip1967

Hi and Happy New Year to everyone.

I have been managing my debt for 7 years now, i'm very good with paperwork so i've never even been near a court and my creditors only mail me once in a while. My income is low so i've only been able to give token payments for the majority of the time.

I'm now in a good position where all of my defaults have dropped off my credit files as it's been well over the 6 year mark of first default. My creditors obviously know this as the offers i'm currently getting are very low.

My question is this: If I can get some money from my family I could partially settle these debts, of course ensuring that the letter states this is final and I will not be pursued etc. BUT are they able to re-add the default back to show partially settled on my credit file? I personally think they can't.

My credit score (and my wifes) has already risen substancially and I would hate to see it destroyed for another 6 years.

Thank you for your help

fatbelly

The answer is no, defaults should not be re-added. If they are, complain.

The only way they could ruin your credit file now is by getting a ccj that you do not pay within 28 days.

You know that if they are already making low offers to you, they would probably accept even lower ones?

Chip1967

That is what I thought, thanks for confirming that.

My main worry now is that they will take to CCJ route as they probably feel that there is no other way so yes I think now is the time to get some money from friends and family and make an offer.

Thank you