Defaults on credit file

Gee1969

I have 3 defaults on my credit file dated from 2017, I hope to apply for a mortgage next year ... is there a difference in what lenders look for in terms of paying the defaults in full or having a settlement agreement so will show as partially satisfied TIA

D3xt3r5L4b

TBH the damage is done with the default being on there regardless.
A settled one may look slightly better than an unpaid one

Willing2Learn

...and you will simply need a good and experienced mortgage broker.  One who specialises in products for customers with adverse data recorded on their three credit files

Gee1969

So do I go for the satisfied Payment option or settled payment ... will it make a difference as they are already defaulted 

Willing2Learn

It doesn't make any difference to the damage already done as you have defaulted accounts recorded on your three credit files.  A default is recorded once the financial relationship between the bank and the customer has totally broken down, and the terms of the credit agreement have been broken.  You need a good broker, that's all.   

meefrono2222

I believe that settled defaults would be better in this situation. Best of luck