I am new here so if you could bare with me!
I have 5 defaults, all with fairly small balances of around £400 or so, mostly made up of charges applied from missed payments etc.
My question being, is there any point in paying these defaults off in full or partial and if so, will the default not supercede this settlement meaning it will be like throwing money away?
I'm not planning on applying for any credit inc. Mortgages, loans or credit cards until the defaults have fallen off my file (all within the next 2 years). I'm just trying to plan for the future when it is time to apply for a mortgage.
Hope you can help, many thanks.