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    • MoneySaver123
    • By MoneySaver123 19th Apr 17, 9:05 AM
    • 37Posts
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    MoneySaver123
    CCJ effect after 3 years
    • #1
    • 19th Apr 17, 9:05 AM
    CCJ effect after 3 years 19th Apr 17 at 9:05 AM
    I've noticed that a few lenders show on their eligibility criteria for lending that you "shouldn't have received any CCJs in the last 3 years".

    With that in mind, has anyone who has had/has a CCJ(s) noticed a positive effect in getting credit after the three year mark? I realise that all lenders will be different but sometimes there is a trend.
Page 1
    • MEM62
    • By MEM62 19th Apr 17, 10:05 AM
    • 1,392 Posts
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    MEM62
    • #2
    • 19th Apr 17, 10:05 AM
    • #2
    • 19th Apr 17, 10:05 AM
    You won't see a change in your credit standing as there is no way to monitor or measure it. (I am not sure there is a magic 3-year line drawn in the sand) However, generally speaking the older it is the less impact it should have but the only way to really know is to apply for a loan. Each lender will assess you on their own criteria, there is no universal policy.
    • MoneySaver123
    • By MoneySaver123 19th Apr 17, 10:10 AM
    • 37 Posts
    • 4 Thanks
    MoneySaver123
    • #3
    • 19th Apr 17, 10:10 AM
    • #3
    • 19th Apr 17, 10:10 AM
    I understand what you're saying about not being able to measure it (accurately).

    I was wondering if there was perhaps some anecdotal evidence from forum members' own experiences of having a CCJ and the potential diminishing adverse effect from around the 3 year point.
    • enook77
    • By enook77 19th Apr 17, 10:26 PM
    • 36 Posts
    • 10 Thanks
    enook77
    • #4
    • 19th Apr 17, 10:26 PM
    • #4
    • 19th Apr 17, 10:26 PM
    My CCJ was issued in Feb 2014 so just over 3 years old now.

    It was for a very small amount £145 from a private parking company (Don't ask).
    This was satisfied in Aug 2014 when I knew it had been issued.

    This is the only negative factor on my credit files....quite a major one though.

    Because I had 3 credit cards previous to the CCJ. I have managed with these (obviously the 0% periods are long gone) I alternate and pay off in full.

    I have also read a lot with regards to getting past the 3 year mark but I think it's just a myth.

    I have just started to look at the eligibility checkers (soft searches) for both CCs and loans and the results are surprisingly positive. Some 95% chance of acceptance with CCs and loans down to a few showing 0% with some lenders.

    Now I have not applied for any credit since I knew the CCJ hit my credit file.

    But I finally plucked up the courage to apply for a AA credit card and got rejected....That was last month.....so I will leave it for now.

    E.
    Last edited by enook77; 19-04-2017 at 10:29 PM.
    • Thrugelmir
    • By Thrugelmir 19th Apr 17, 11:07 PM
    • 56,181 Posts
    • 49,563 Thanks
    Thrugelmir
    • #5
    • 19th Apr 17, 11:07 PM
    • #5
    • 19th Apr 17, 11:07 PM

    I was wondering if there was perhaps some anecdotal evidence from forum members' own experiences of having a CCJ and the potential diminishing adverse effect from around the 3 year point.
    Originally posted by MoneySaver123
    The success or failure depends on the finer details of each individual application. Far too simplistic to pick on a single aspect.
    “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”
    ― Warren Buffett
    • MoneySaver123
    • By MoneySaver123 20th Apr 17, 9:35 AM
    • 37 Posts
    • 4 Thanks
    MoneySaver123
    • #6
    • 20th Apr 17, 9:35 AM
    • #6
    • 20th Apr 17, 9:35 AM
    enook77 - such a shame you didn't get the AA card. Think it's Bank of Ireland who underwrite The AA and Post Office cards and pretty sure they say no CCJs in past 3 years which is probably why you tried them. Did you appeal? I'd say you have a strong case as your CCJ is so low, settled and for a non consumer credit product.
    • enook77
    • By enook77 20th Apr 17, 3:18 PM
    • 36 Posts
    • 10 Thanks
    enook77
    • #7
    • 20th Apr 17, 3:18 PM
    • #7
    • 20th Apr 17, 3:18 PM
    No appeal from me.

    Maybe it was just too close to my 3 year mark and the CRAs didn't update my info in time for when I applied. There is usually some lag.

    I applied just to see if I would get accepted. I think I had a high chance I think it was 95% chance of acceptance with the eligibility checker. So I tried.

    E.
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