how long for v poor credit score to change to fair

R1876 · 18 November 2019 at 3:11PM

hi I have a very poor credit score below 250 on transunion. It is because I have 6 - 8 defaults/ unknown status and 2 CJJ. they are all from 3 years ago. I was briefly out of uk and these are all small credits had then. They add up to roughly 3000 pounds. If I pay all of them in full, how long until I can expect at least a fair credit score and maybe apply for mortgage?

I don't have any loans or credits now except my car insurance which I pay regularly. If I pay all my debts on credit score, can I expect my score to be fair in few months? anyone with similar experience?

[Deleted User] · 18 November 2019 at 3:15PM

It will change randomly, so it could change at any time, or perhaps never. But that's not important as it's not a factor in lending.

What you need for a mortgage is the best credit files you can get, so make sure you use a broker. The longer you maintain the history, the better. Get all your debts settled.

Use a broker if in any doubt.

DCFC79 · 18 November 2019 at 3:43PM

R1876 wrote: »

hi I have a very poor credit score below 250 on transunion. It is because I have 6 - 8 defaults/ unknown status and 2 CJJ. they are all from 3 years ago. I was briefly out of uk and these are all small credits had then. They add up to roughly 3000 pounds. If I pay all of them in full, how long until I can expect at least a fair credit score and maybe apply for mortgage?

I don't have any loans or credits now except my car insurance which I pay regularly. If I pay all my debts on credit score, can I expect my score to be fair in few months? anyone with similar experience?

How did you let it get like this ?

Why did you not have direct debits set up ?

how long for v poor credit score to change to fair

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