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Settled Accounts
OneLife_OneShot
Posts: 775 Forumite
I have been wondering for a while, does anyone know if lenders look at the amount of settled accounts on your report as good or bad things? I know they stay there for six years but last year (December) I closed down an old savings account I had open since 2004 and a Littlewoods catalog which I had never used. I have recently closed down my overdraft and a small loan and my o2 bill (about £800s worth of debt, none of which defaulted).
I currently have 5 open accounts on my reports, one is a nearly satisfied default from 2011(been battling to try and get it removed but no luck yet), one is my current account and three credit cards with a total of about £1100 between them & I think I am currently using about 40% of that.
Now I am not planning on taking out anymore credit, the only thing I would possibly consider once I start earning more money in my job come June is a 0% balance transfer card as I will be in a position to pay the full balance each month anyway.
I currently have 5 open accounts on my reports, one is a nearly satisfied default from 2011(been battling to try and get it removed but no luck yet), one is my current account and three credit cards with a total of about £1100 between them & I think I am currently using about 40% of that.
Now I am not planning on taking out anymore credit, the only thing I would possibly consider once I start earning more money in my job come June is a 0% balance transfer card as I will be in a position to pay the full balance each month anyway.
"All truths are easy to understand once they are discovered, the point is to discover them."
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Comments
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Settled accounts are seen as good from what I know, as it proves you can pay it back.:beer:0
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