Hi guys, would appreciate your help on this.
I currently have 25K of debt which is being administered with Payplan.
I defaulted on all accounts in 2012 during a separation.
Next year I should be receiving early inheritance to the value of 25/30K So I would love to clear all outstanding debts and be debt free. However I would like to apply for a mortgage with my new partner in a couple of years and understand that companies like Halifax look at your credit file in fine detail.
A - Should I clear all debts at 100% of value before the 6 year default period ends (a couple are offering settlement options now)
B - Wait until the 6 years are up? Then ask for settlement figures Full/Partial
I don't want to partially settle if it reflects badly with high street lenders in the future..
I really appreciate your help!
Thanks Roj.