Full & Final Offer or Stick with DMP

A question about : Full & Final Offer or Stick with DMP

Been on a DMP since 2010 with Payplan, I should be in a position to make full and final offers to my creditors over the next few months BUT whats the best thing to do...

I've read that your defaults fall off your credit file 6 years after the initial default was recorded (mine would start to come off as of June 2016 if this is the case), firstly, do I have this right? Mine shows as defaulted every month even though i'm on a DMP, is the same for everyone? (Sorry for sounding thick)!

If this is correct, would I be digging myself in to a deeper hole by offering full and finals? Again, from what I've been reading this could then create another 6 years of struggling to rebuild my credit history?

So confused so any advice would be HUGELY appreciated!

Best answers:

• on Equifax by Defaults show the month I defaulted and then there are no markers at all after that until the 'settled' one.