Home financing adviser stated I will wait before settling the re payment since it would seem like a brandname brand new standard on my file.

Home financing adviser stated I will wait before settling the re payment since it would seem like a brandname brand new standard on my file.

It won’t. It shall fall off if it’s paid in complete, paid partially or perhaps not compensated at all.

Hi Sara Over a decade ago we dropped really sick and might maybe perhaps not work with 24 months. I will be a home owner with a home loan as well as enough time had a few bank cards, a catalogue, a guaranteed & unsecured loan . Long story short when I could not met the minimal payment all my reports dropped directly into arrears and defaulted. We arrived near to being announced bankrupt. My final standard dropped down my credit account Dec 2017.

I happened to be advised to make contact with the resident advice whom assisted us to negotiate minimal payments of ВЈ1 and I also ended up being used in PayPlan once I happened to be in a position to come back to work. This i arranged a drawdown on my pension and offered discounted repayments to all my creditors via PayPlan which were accepted year.

Recently, We have gotten letters from 2of those creditors informing me personally that when your debt had been nevertheless registered back at my credit account (that they aren’t ) it could be marked either partially settled, compensated in complete or settled with a price reduction (these people were all settled with a price reduction).

My real question is, can they’re going back once again to my credit history to record that your debt settled with a price reduction?

Hi Sara, I experienced a default with Santander that I decided to spend at a diminished price it had been going ok then 3 years no missed payments they’ve released a CCJ which now become 9 years bad information on my credit report actually any advice please am paying it in any manner. Continue reading