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| *Ostroff, Fair and Company>>>Credit |
Credit Rating - debt question? |
Hey, I have a fairly low credit score as in my younger days I was bad and defulted on a few agreements, some are for ridiculous amount such as 拢50.00 I was silly, my question is if I get in touch with these lenders and repay the amount, I know it would then show as satisfied on my credit report but would this raise the rating or not? thanks It very well may do. OR just don't apply for anything, untill you know its about 7 years since the last debt. Start with something you can afford to run. Keep up payments. Rating gets better. may be but you may have to pay the interest and contact the agency's to take your name of the bad debtors list. A little-- but not much. The problem is that the even if the debt is paid, it will still show as a derogatory trade until it drops off of your report after 7 years. yer cause it will. as long as you are on the electon role, have never been bankrupt and have never had any county court judgements. Check you credit with the website underneath. http://www.joincreditexpert.co.uk/freecr... If it is over 5 years ago it wont be on your credit score, if it is then you could pay it back. Be aware that they may have added court costs or bailiff charges onto the 拢50 and it may be a lot more than this now. I'd get an experian report doen or just go and apply for credit somewhere and see if you get it. You may be suprised. I had mortgage arears and non council tax payment, although I had sorted these, it was still bad credit history. I applied for credit for the first time and got it! eventually, i guess. |
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