Please advise me

[Cornflower123]

I am taking a deep breath because I've always adopted the Ostrich approach to dealing with my debts and as that didn't work too well I am trying facing them instead.

 

A few years back my marriage dissolved and I was left with the majority share of the financial burden from that marriage.

 

 

When the house was sold I cleared the majority of debt as far as I was aware and got on with things accepting that my credit rating was poor.

 

I am now happily remarried and my husband has no debt and pays everything on time.

 

I expected my credit rating to have hugely improved however last night I did a credit check with Credit Expert and found numerous things on my file.

 

A couple of missed payments for two lots of mobile bills with Hutchinson 3 that are showing as default (dates of default 2011 and 2013),

a Lowel finance default in 2011 (I suspect the Lowel one and one of the Hutchinson 3 ones are the same item)

and a T mobile (default 2010)

and a Cap One (default 2010)

 

These are not huge amounts and even though they are defaulted I could pay them now but reading around would it benefit me to do so?

 

As I understand it once an account is defaulted it will come off my file in 6 years?

 

If I phone up and pay these amounts will it make things better or just stay the same?

 

I also got a CCJ in 2011 but after the CCJ was passed I actually paid the full amount of that so I had hoped that would be gone now.

 

Some of the defaults are marked as 'Satisfied' and some 'Settled'. I don't know what the difference of these means.

 

Impulse says to pay off the small debts but if it doesn't actually change my rating what's the point?

 

One of them is Hutchinson telecom (3). If I pay it would they remove the default?

 

Is time the only great healer of my credit rating?

 

I feel pretty hacked off that I ended up with ALL of the debt of that marriage and worked so hard to pay it off and I'm the one that ends up with a still rubbish credit rating while my ex husband enjoys a flawless one

[dx100uk]

the default and the whole account will vanish on its 6th birthday

waste of money paying anything off.

[Cornflower123]

Thank you for the reply Dx!

 

That's what I feared you'd say!

 

Does it 'look' better if it is Settled? (what is the difference between settled and satisfied by the way?)

[renegadeimp]

Nope. Hard;y any difference at all. And if the debts been sold, then you need to do some homework

[Bazooka Boo]

Typical of Lowlifes to pick the mobile phone debt up.

 

Absolutely no benefit in paying powerless DCA's at all.

[Cornflower123]

So it's a case of waiting it out then

 

What about the CCJ?

 

 

That was through HSBC for a loan and I banked with them at the time.

I also had my joint mortgage with them too.

 

 

We were waiting on the house sale so I could pay the loan off in full

but a catalogue of disasters meant that the house finally completed pretty much the same time the CCJ happened so I paid it as soon as I physically had the money.

 

 

It was for a few thousand (and it wasn't just my debt...) but as soon as I could pay it I did so it's frustrating to see it still there on my file. It will 2017 when that finishes.

 

Could that be removed or do I just need to do my time on it?

[dx100uk]

unless you paid it within 28days of the judgement no dice sadly

[fkofilee]

Thank you for the reply Dx!

 

That's what I feared you'd say!

 

Does it 'look' better if it is Settled? (what is the difference between settled and satisfied by the way?)

 

 

Sticky in the CRA Thread should clear this up for you.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?460629-Settled-Or-Satisfied-That-Is-The-Question...

[Cornflower123]

Ok found a letter from DG Solicitors (which is I believe, HSBC)

 

It is a letter stating that they confim payment of the debt on 22 Feb 2011 and the judgment date is 12 Jan 2011 and that the debt is satisfied.

 

10 days over. They won't remove it will they?