I recently accessed my credit file through Experian and gained my Credit Score.
My report shows two outstanding balances as follows:
04/04/2005 for £1129
19/05/2006 for £1934
Neither of the above accounts have received any payments since their default dates and so are listed with their current balances (i.e. Not Satisfied).
As it is my understanding that defaults are removed from credit files after 6 years, so this means that on the 04/04/2011, the £1129 default is no longer recorded and the same on the 19/05/2012 for the £1934, should I simply allow these two debts to drop off or should I attempt to make a payment arrangement?
I ask this as I heard that after 6 years, if a default payment is not satisfied, it is THEN applied as a CCJ?
The rest of my credit file is in very good condition and I have a credit score (through Experian) of 808 points (Fair) and I don't want to tarnish this by having a CCJ applied (I have none at present).
Ultimately, what should I do about these two outstanding debts?
Many thanks for your input, I look forward to your advice!