Thanks everyone for your quick responses and advice. I don’t plan to apply for another mortgage until June 2025. I know by continuing to pay the DCA the SB tick continues, but I did spend the money so I do owe the debt. Wouldn’t stopping the payment plan with them incur 2 more new defaults ? I think I want to negotiate a discount on the debt with them so I can apply for a mortgage been totally debt free.

Hi All I've recently come across this forum and I'm hoping you can provide some assistance. I have two credit card debts, both with debt collection agencies. The first one has a current balance of £3,815, with the credit card opened in 2012 and a default date of 16th August 2018. I've been making a £10 monthly payment for several years against this account. The second debt is for £8,015, from a credit card opened in January 2008, with a default date of 30th August 2018. Again, I've been making regular monthly payment of £30 for a number of years. Although these defaults will be removed from my credit file in August 2024, they are currently causing issues, as the Credit Karma app shows I am 339% over my credit limit of £3,500, which is calculated from two credit cards I have with zero balances. I'm aiming to secure a substantial mortgage, and after reading your forum, I'm considering whether it's worth asking for a debt discount or if I should first send them a CCA (Consumer Credit Agreement) letter to see if they can they produce the CCA information. These debts have been passed on to multiple debt collection agencies over the years, and I assume the amount they paid for them should be relatively low .If I were to offer a debt discount, what would you recommend offering? I just want to sort this mess out before applying for a bigger mortgage. Any advice or insights would be greatly appreciated. Thank you