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Once a defeult has been lodged against a Credt agreement can you pay it back?"
I have looked on Moneysavingexpert.com, and it does not answer my question any advice or other info would be a help.

Thanks
asked in Money, credit



vultan answers:

You can probably pay it back - there's some information here:

http://www.debtquestions.co.uk/legal_defaultnotice.php

Unfortunately, this suggests it will stay on your credit rating for some years to come whether it's paid off or not:

http://www.shiredirect.com/mortgage-glossary/default-notices.html


/ reply

cryptminder answers:

Once a default has been lodged, it remains in your credit rating for 6 years.


/ reply

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