Hi, I have been paying off some debts i defaulted on over 6 years ago via arrangements with 2 DCAs. As the debts are over 6 years old earlier this year they disappeared off my credit ratings and I have a really good score now. I am now in a position to pay both debts off but I am concerned that when they are marked as paid on my credit reports they are going to reappear and damage my credit rating. Is this likely to happen? I have done all of the usual stuff to verify they have evidence I signed on the line for the debts which they do. Any helps greatly appreciated. Thanks! T.

£3450 is a capital one credit card debt with arrow global. £1150 is a loan from HSBC with MCS. Cheers.

Thanks for the quick replys In response: CitizenB Did they cease adding interest and charges whilst you have been repaying these debts back ? Yes they stopped charging interest. Do you know how much in default charges was added to the accounts ? - Im not sure about this, I will ask for some records. dx100uk I have already requested these and got sent both by the DCAs. All signed by me and definitely correct, no chance of arguing this angle.

I defaulted on 3 debts back in 2006 due to work problems and have spent the last 6 years paying them off to various DCAs. A few months ago the defaults disappeared from my credit report and I now have a pretty good credit rating and have managed to get a credit card and start improving my rating. My question is, there is still about £4600 to be paid off on two of the debts (£3450 on one and £1150 on the other) I accept the fact I owe money and that I should continue to pay, but to pay back the whole amount seems a bit unfair as the debts were purchased for pennies in the pound by the DCAs. As the defaults have disappeared from my account and as I understand it they can never be reregistered is there any incentive for me to carry on paying back the debts at the level I currently am? Can I reduce the payment to a token amount? What could the DCAs do if I did this? In the same respect what would happen if I stopped paying? Finally if I asked for a full and final settlement does the fact they are unlikely to register a satisfied in full on the debts even matter anymore as the debts no longer show up on my account? Any help is greatly appreciated. Thanks.

So after reading this forum and others on the web and calling both experian and equifax for advice I am still left a little confused about my situation. I would apreciate some clarification if possible on a few points. 1) F&F I have two outstanding debts I defaulted on in 2006. Currently they are both totalling about 5k and I am in the fortunate situation of being able to get some money together to make Full and final offers to the DCA for the debts. After reading many posts on the web about f&f it appears that a 'partially settled' mark on my credit file is a very negative thing to have so accepting a reduced settlement with this on my file is pointless. DX advised on another post to make an offer requiring the file to be marked 'settled' or to offer £1 forever as the alternative. I am currently paying around £40 a month on each debt, if i were to reduce it to £1 could the DCA do anything to stop me? 2) 6 Year Default drop off Secondly I understand that after 6 years my defaults will disappear off my credit file, the part im not clear on is what will happen to the actual debt the default was issued on? Both experian and equifax have both stated (over the phone) that the accounts will simply cease to be on my file regardless of their status. However unless I have misunderstood many posts on forums around the web it appears this is incorrect? If what expeian and equifax are correct what is the benefit of getting 'satisfied' over 'partially satisfied' as the accounts will disappear along with the default next year? Apologies if this has already been covered in other posts, I have searched extensively! Any help is greatly apreciated. thanks, Tom.