Account Defaults

Mass91

Unfortunately I have two defaults on my account. Both are settled and closed for about three years now. One is due drop off in September and the other January 2020. My question is when one drops off will it have a noticeable impact on my credit score in terms of being more appealing to lenders ?

[Deleted User]

Your CRA score will probably drop, but that's ok.

Lenders don't see it. They will only see an improved credit history, with one less default, who's is much more positive.

PixelPound

The defaults are on settled closed accounts, so they have less affect and as they get older have lesser effect. I can't see much difference between one and two settled defaults that are a few years old. For some creditors the effect will be minimal and for others any default will be an effect until it drops off.
It's only 4 months between the two dates you give, so surely its worth waiting that extra 4 months?