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Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund. You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.

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Old 18th February 2008, 19:06   #1 (permalink)
tracyab1972
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Default Default Notices on Credit Report

Hi

A few years back I was struggling as a single parent and received several default notices on my credit file. Some are now settled, which show as satisfied and there are still some which I need to pay off.

It is almost 6 years since they have they were filed on my credit report and I know that they will be removed then, but does anyone know if my credit score will then improve.

I now work full time and would like to look into getting a mortgage quite soon. I know I wont get one with the default notices still showing on my report and would be grateful from some advice.

Thanks
T
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Old 18th February 2008, 19:43   #2 (permalink)
maroondevo52
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Default Re: Default Notices on Credit Report

Hi, I'm no expert in the subject, but when your Defaults drop off,(ouch ! sounds painful) I would imagine this would make your credit file look a whole lot healthier


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Bank of Scotland ( Business Account ) Small Claim.
Total: £1,027.70 Settled in Full.(October 2006)

Capital One Bank (Europe) plc Summary Cause Claim.
Total : £1,111,94: Settled in Full. (February 2007)

Bank of Scotland (Business Account) Summary Cause.
Total: £1,051.60. Settled in Full (April 2007)

Bank of Scotland (Business Account) FOS Claim.
Total: £4,945.00. Settled in Full (March 2008.

Last edited by maroondevo52; 18th February 2008 at 20:59.
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Old 18th February 2008, 19:48   #3 (permalink)
CourtOfficerSpeaks
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Default Re: Default Notices on Credit Report

It should do - i'm not sure about Scotland but check experian.co.uk
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Old 18th February 2008, 21:35   #4 (permalink)
Risky1
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Default Re: Default Notices on Credit Report

Hi there,

Yeah, it does 6 years from either settlement or 6 years from the date of default and off they go as if by magic and your credit file looks a whole lot rosier. Just watch you don't have too much credit or too many applications or searches as these can pull down your score also, but in reality it depends on individual companies lending and underwriting criteria but no defaults or CCJ's will help alot!
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Old 18th February 2008, 22:04   #5 (permalink)
tracyab1972
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Default Re: Default Notices on Credit Report

Great! Thanks for all the replies
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