I used to be awful with money, just awful. And things were very hard for a few years which meant even as I became better with money there was just never enough of it anyway so debts built up and there were problems galore... We're not exactly well off now, but we're doing so much better and have become far more sensible with finances, so things have massively improved. We've paid off a lot of debt, are keeping to repayment plans on those left, and aren't incurring new debts, all of which are good things, right?
I'm confused by a couple of things though. I had a default registered on a capital one credit card debt in August 2012. Capital one didn't close my account then but I had to arrange and make repayments through a debt company (Fredrickson International; I know other people have had bad experiences with them but to be honest I found them quite good to deal with! They didn't pressure me for unmanagable repayments and were always good on the few occasions I had to change payment days, etc). I settled the outstanding debt in September this year and at that point capital one closed the account.
One, since settling the debt and the account being closed, my 'credit score' according to noddle has dropped massively, which doesn't make much sense. I'm not sure how to improve my credit score if paying off debts makes it worse!
Two, and this is the big question: will the default be off my record six years after it was first added (so August 2018), or six years after I settled the debt (so September 2021)?
Thanks to anyone who can answer this!