Hi Everyone
At the moment I am in a lot of debt an as a result I have missed some payments with one of my CC providers..
I contacted my CC provider and they told me my credit rating was affected, I completely understand they are well within there rights to do this but what i need to know is
If my credit rating is affected and I at a later stage pay off the full amount would this ''correct'' my rating and would i be able to get a mortgage in the future etc ?
Also if my credit rating is affected and they are giving me an option to ''settle'' by paying a slightly lower amount back to them would I be better off going down this route as my 'credit rating is affected'' i.e is there any point in paying the full amount back if the rating is messed up?
Thank you!
At the moment I am in a lot of debt an as a result I have missed some payments with one of my CC providers..
I contacted my CC provider and they told me my credit rating was affected, I completely understand they are well within there rights to do this but what i need to know is
If my credit rating is affected and I at a later stage pay off the full amount would this ''correct'' my rating and would i be able to get a mortgage in the future etc ?
Also if my credit rating is affected and they are giving me an option to ''settle'' by paying a slightly lower amount back to them would I be better off going down this route as my 'credit rating is affected'' i.e is there any point in paying the full amount back if the rating is messed up?
Thank you!