I had an Ulsterbank Current Account with an arranged Overdraft. This was automatically closed last year when Ulsterbank left Ireland. There was an outstanding balance on the over draft - relatively small <€1000.
On my Credit Report - the overdraft is marked as Closed with a Credit Status "Write Off"
I would like to settle this debt, but I am wondering is there any benefit in terms of my credit report. A payment will re-set the 5 year clock, where-as as it stands I have 1 year down. I'm assuming either way I would struggle to get any form of credit until my record is clear