Thanks for the reply DX, I get a quarterly statement, the details above are from Noddle. The balance as of today is £9657, I could probably raise about 6.5k for a settlement. I just want to try and clean my CRA as best as I possibly can to allow me to recover. The way the default has and is still affecting me I wish I had just gone bankrupt and not wasted my money paying anything back, i would've been in exactly the same situation as I am now but with an extra 7k in my pocket. I know I shouldn't think like this but I thought I was coming out of the other side after really struggling for 4 years to get back on my feet. I got knocked back for some basic credit yesterday, which was soul destroying.

Hi all, this is my first post, although I have been loitering around the CAG forums for a long time, such a wealth of great advice and knowledge. this is my situation; I took out a loan of £12k with Bank of Scotland in 2008, I was happily paying the monthly payment until 2010 when a 50% pay cut at work followed by a split from my partner left me in dire straights. I sought advice from CCCS, did a budget sheet, got the interest frozen etc. and reduced my payments to a token payment of £1 per month, which I have been paying since. Currently the details are as follows; Account start date 16/09/2008 Opening balance £ 10,994 Regular payment £ 139 Repayment frequency Monthly Date of default 30/11/2010 Default balance £ 9,657 The token payment is made via Moorcroft (these were originally chasing me when i first defaulted but have been quiet since). However, I receive my annual statement from Bank of Scotland. I have recently received some inheritance (approx £5k) naturally thought i would put this towards clearing my debt with a F&F offer, as it is my debt after all. After making a few phone calls to HBOS and Moorcroft, it turns out Bank of Scotland still own the debt and Moorcroft are purely acting on their behalf. Going on the above default date, it should in theory drop off my file 1st December 2016 (I have heard stories of creditors changing default dates??). is it worth making a F&F settlement offer? if so do I send this direct to Bank of Scotland? Or do I just ignore everything and wait for the default to disappear from my credit file? I am asking as I currently private rent and would hope to one day in the next 5 years or so look to get a mortgage. The default has also made it incredibly difficult to obtain any kind of credit such as mobile phone, car lease etc. I have reclaimed all charges / PPI already. The only thing I have not done yet is CCA, is this worth doing if the debt is still owned by the original creditor? Apologies for the war and peace effort! I have worked incredibly hard over the past 5 years to clear any other debts and get my self financially stable, this is the last hurdle! Any advice would be massively appreciated! Skank