carole
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It really depends upon the organization conducting the credit check and what they look for. Some people want to see 3-7 years of good credit after a default. Others are a lot more lenient. Good luck!
Peace! |
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Vivian D
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If you don't have any other problems on your credit report, and can explain the default and prove that it was satisfied to the person reading the report - then that person has the ability to disregard the default. Most likely will, if it was a while back, but if it was recent, you have less chance of passing. |
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roger v
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All depends on creditor, you probably reaged the debt and it made your score go down. The only time you really have to pay defaults off are when you buy a house or get sued. |
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PIRANHA
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did it go to courtiif no you should be ok.if yes you should get a certificate from the court to say that the county court judgement (ccj).i can't remember what it is called though |
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alatoruk
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each lender makes there decision based upon your credit history and whether you paid it off in full or not, if there was a default it will be recorded on your credit history, along with the fact that it has now been satidfied. the lender will then make their own decision, but look at it from their point of view, would you lend money to someone who you know hasd failed to pay off previous debts on time........ |
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kate d
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I heard from a lender that as long as the default /CCJ has been satisfied for at least 6-12 months you can then start to borrow again. |
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scifidiva
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Unfortunately, paying a bad debt off in full doesn't change the fact that it went bad in the first place. Whether or not you'll 'pass' depends on what criteria and details the company is looking for. If they want to see that you paid off an old bad debt (which does NOT help your scores BTW) and you get brownie points for that, then they'll be happy. Chances are though that they are looking for far more if they are truly checking your credit and not just looking for criminal activity. |
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Sky Has No Limit
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Because you already did a default in the past so it will be there in the record even if you have paid it today. I hope you didnt get any notice from court in this regard |
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truluv exists! Mourinho Rules!
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you can get your credit checked (free for 30 days) from creditexpert.com all lenders will view your history from a credit referral agency, some will accept 1 default if it has been satisfied and some lenders will not. credit expert will advise you of your credit score for a fee about £5. |
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