My Credit File

Glasnost

Hi all,

New to the forum so apologies if this is in the wrong area.

My credit score is currently 518 and largely due to 5 defaults from 2011. I understand these will come off so. But have a couple of questions.

Firstly on 4 of these I partially settled around 2013, will the default and all the information drop of this year? The other one I'm still paying off so will this drop off as well and any future payments I make/miss not be recorded on my credit file?

Finally would anyone have any idea what my credit score would go to once all these defaults have gone off this year? Am I dreaming when I'm hoping it will shoot right up? Everything since 2011 ( I had problems!) has been paid on time and I've never missed a payment on anything since.

Thanks,
Glasnost

[Deleted User]

Your score is entirely fictional. Ignore it.

Once the defaults have gone, lenders will view you in a better light.

MM_1988

I personally have seen that if I had one default it's almost as bad as having 5. So until they're all gone, that's when it might shoot up.

[Deleted User]

Or plummet.

cjmillsnun

Regarding the dates the defaults drop off. It is 6 years from the date the defaults were registered. So if they are all from 2011 they will all drop this year.

Pixie5740

http://www.moneysavingexpert.com/loans/credit-rating-credit-score