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Defaults: partial settlement affect on credit question
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mkbswimstar
Posts: 236 Forumite
Hi, I have 5 defaulted accounts that were registered in 2015. I have been gradually paying them off through a dmp with step change. I'm about to inherit some money and would like to apply for a remortgage or buy to let mortgage in the future.
I've had offers from the debts companies to pay the debts off with a discount but understand that they will show as part fulfilled on my file. 6 years is up in 2021 and I wonder if I should repay the debts in full or save about £5k by taking them up on their offers seeing as the defaults should disappear in 2021. Please can I have people's opinions. Thanks.
I've had offers from the debts companies to pay the debts off with a discount but understand that they will show as part fulfilled on my file. 6 years is up in 2021 and I wonder if I should repay the debts in full or save about £5k by taking them up on their offers seeing as the defaults should disappear in 2021. Please can I have people's opinions. Thanks.
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The important thing is to settle them, so take the discount.0
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