Default drop off

col81

I had 2 defaults drop off on the 28th July how long will it take for my credit score to improve?

[Deleted User]

Possibly never. But it doesn't matter. 

Lenders will view you more positively once the defaults are gone.

MovingForwards

The credit score and rating are not seen or used by any UK financial institution, it's the credit history they see and use when assessing applications.

PRAISETHESUN

As above ignore your score as it's not seen by lenders. Focus instead on your credit history.

I'd wait until your next credit reports are generated to verify that they are gone before even considering applying for more credit but apart from that, the change is pretty much instant. If a lender were to search your file after the defaults are removed then they'll never even know they were there in the first place and will assess you as such.

col81

How does being in a DMP with stepchange affect things? I am ongoing with the DMP which these defaults were made by

adamp87

col81 said:

How does being in a DMP with stepchange affect things? I am ongoing with the DMP which these defaults were made by

The defaults will be gone off your file and no one will see those payments 

if you have any other active accounts in payment arrangements they will still show.