Stepchange - Improving credit following debt management plan

Brenda14

I have finally paid off my previous debt through a debt management company called stepchange, who were fantastic. However during this debt management it resulted in three defaults on my credit file, unsure how/why as I never missed a payment. I started the plan in October 2017 and ended this last month. Anyway I am in a position where I need to improve my credit score to help me get a mortgage in the future but nobody will give me credit, my bank wont give me an overdraft, I cant get a credit card and my previous store cards/ accounts were closed. I am in a full time job following my university degree which I have completed and my outgoings are minimal. Any advise will be appreciated!

sourcrates

Defaults are normal in debt management, makes no difference if you kept to the DMP payments or not, the damage was done when you missed payments on your original agreements.
The defaults will stay on your file for 6 years from date of default then drop off automatically.
Until that happens you will struggle yes, but your score is not important as no one sees it but you, it’s your credit history that counts.

Brenda14

So is there anyway of improving this or will i have to wait 6 years to be able to get a mortgage etc? 

D3xt3r5L4b

Wait it out 

Thrugelmir

Learn to manage without credit on a day to day basis.  Not a necessity in order to build a decent credit profile. If you want a mortgage. Focus on saving and managing your personal finances well. 

PRAISETHESUN

Ignore your "scores" and focus on the data on your files. The defaults are correct as you broke the terms of your original agreements when you arranged a DMP. Settling the defaults is better than not settling them, but having 3 defaults on your file will scare off most lenders. Not much you can do until they get removed. You might have some luck with specialist mortgage brokers, but you'll probably still need to wait a few years for any real chance of success.