Help Needed - AlmostThere2017

NearlyThere2017

Its been years since ive paid this forum a visit but ive had a productive few years which is great for my credit file.

I need some advice however.

Whilst ive been able to drop around 14 defaults off my credit file only a few remain that drop off my credit file next month.

My questions are:

1. Is it advisable to pay the final 2 defaults that remain on my credit file bear in mind they are nearly 6 years old.

2. I really want to get my credit built up as me and my new partner want to buy a house. We have an adequate deposit put into a Help 2 Buy ISA when the government announced changes last year. We're going to be leaving it so that the government bonus of 25% is added so we stand more of a chance.

3. I understand that we're not going to get a mortgage straight away based on my previous performance however need to build my credit up and need some starting points.

My History:

As a young man (18) i made some mistakes which i didnt think would come back and pinch me in the bum however lesson learnt to spend within my means I've matured alot.

Your comments will be invaluable.

DCFC79

Get a credit card and pay off in full by direct debit, none of this use a standing order bolloxeo, will just lead to issues. Try Vanquis, Aqua etc.

Chappaz

How much are the two unpaid defaults worth?

Be very careful around this time. 6 years after a debt was last paid or acknowledged, it becomes statute barred an unenforceable.

However, lenders know this, so shortly before the 6 years is up, they have a habit of selling the debt on to a collection agency to reclaim at least some of it, and then this agency could issue a CCJ to try and chase you for it.

If they do, this CCJ would remain on your file for another 6 years, although if you catch it early enough, I think you can settle without it remaining on your file (I think you have to settle it within 30 days to have the CCJ wiped off - someone else may be able to confirm).

So definitely keep an eye on all three agency files, and keep an eye on your mail, as the 6 year limit approaches.

NearlyThere2017

Unpaid debts are worth £238 and £127.

Debt collection agency will have had them 6 years next month... I cant see them bringing enforcement action on them but just curious how it will be recorded once removed as on my Noddle account it has open accounts and closed accounts.

[Deleted User]

As far as lenders are concerned, they will simply not appear.