Hello I have various outstanding PDL loans that I've been ignoring and need advice on the best way to sort them out. I want to begin repairing my credit file ASAP. Wageday. Default £286 Not paid since Nov 15 Lending Stream. Default £507 Not paid since Sept 15 Uncle Buck Default £307 Not paid since Oct 15 Instant Cash Loans t/a Payday UK Late Payment £608 Not paid since Jun 16 I also show two settled accounts: Pixie Loans LTD and Mr Lender - both of these accounts I've received letters chasing the debts from CRS and SLL Capital. What does this mean? These two companies who the letters are from aren't on any of my credit reports. My account with Instant Cash loans hasn't defaulted. If I ring them and agree a payment plan will it default? I have already rung Uncle Buck and agreed to clear the debt in two months with a partial settlement. Was this the best thing to do? My overall objective is to prevent any CCJs. Thanks for reading

Hello again The HSBC account has been sold to Westcot altho another poster has advised me they don't buy debts but are collecting on HSBC's behalf..? The Cabot Financial account was Hitachi for a TV but when I contacted them recently they said the debt was now with Mortimer Clarke ....? I'll look into finding out whether the agreements are enforceable. Thanks again

Hello. Thank you for your reply and sorry for the delay in getting back to you. I'll post the info you requested below but wanted to ask a couple of questions based on your response.. 1) Would the defaults showing as settled not improve my score? 2) If I don't pay them can they not take me to court and give me a CCJ which starts the six years off again? My overall aim is to improve my credit score... here are my debts and current state: HSBC credit card - £635 balance, default. Last paid Deb 2015 and account sold on Wageday Ltd - £386 balance, default since Jan 16 Cabot Financial Europe Ltd - £2257 balance, default since Mar 16 Lending Stream - £549 balance, default since Sept 15 Uncle Buck - £338 balance, default since Oct 15 Instant Cash Loans t/a Payday UK - £609 balance. Late payment since Jun 15 Madison CF UK Ltd - £851 balance. Late payment since June 15 Three Mobile - £46 balance. Default since Apr 16 EE - £208 balance. Late payment since June 16 Shop Direct Finance Company Ltd - £980, default since Jun 16 Debts that have been sold: HSBC credit card to Westcot Cabot Financial Europe Ltd sold to Mortimer Clark Lending Stream - sold to Asset Collections and Investigations Shop Direct Finance - sold to 1st Credit Finance What I have done so far: Three Mobile - settled debt HSBC credit card - agreed £100pcm Uncle Buck - agreed settlement plan to clear in 2 months EE Ltd - agreed £40pcm Madison Cf - agreed £30pcm x 3 months then review Edit: the Uncle Buck settlement plan is for a partial settlement only. Would it be best to settle in full? I have not yet managed to contact all of the companies but have worked out how much I an afford to pay each month. Additionally, I have received letters from a company which I can only link to accounts which are showing as settled. Would they show as settled once they've been sold because none of the others have..? What is the best way to begin improving my credit file and also to prevent any CCJs? Thanks for reading

Hi I have several defaults for various amounts totalling approx. £5000. For whatever reason I didn't pay my bills for several months and am now in a position to begin tackling this mess. I can probably pay off all of the debt in around nine months settling several smaller accounts within three months. Lots of the debts have been sold on to various debt collection agencies. They're offering me various discounts to write off part of the debt which I am open to for obvious reasons. However I am also keen to begin the process of rebuilding my credit rating ASAP and am wondering whether it is better to settle in full for this reason? I've also read that if you only settle partially, the remainder of the debt can be sold on which is concerning. If I decide to offer a partial settlement which is then accepted, how do I avoid that scenario? Thanks