Home financing adviser stated I ought to wait before settling the re re re payment because it seems like a brand name brand new standard on my file.

Home financing adviser stated I ought to wait before settling the re re re payment because it seems like a brand name brand new standard on my file.

It won’t. It shall fall off when it is compensated in complete, paid partially or otherwise not compensated after all.

Hi Sara Over 10 years ago we dropped really sick and may maybe perhaps maybe not work with 24 months. I’m a home owner with home financing as well as enough time had a few bank cards, a catalogue, a guaranteed & personal bank loan . Long story short when I could not met the payment that is minimum my reports dropped in to arrears and defaulted. I came near to being announced bankrupt. My default that is last fell my credit account Dec 2017.

I happened to be encouraged 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 received letters from 2of those creditors informing me personally that when your debt ended up being nevertheless registered back at my credit account (that they are not ) it can be marked either partially settled, compensated in complete or settled with a price reduction (they certainly were all settled with a price reduction).

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

Hi Sara, I experienced a standard with Santander that I consented to pay at a lesser price it had been going ok then three years no missed payments they usually have granted a CCJ which now become 9 years bad information on my credit report actually any advice please am paying it in any manner.

Are you currently now having to pay it at an increased price than you had been ahead of the CCJ?

We have two defaults that are unsettled being paid month-to-month, but both fall off my file over the following 35 times.

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