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  • FIRST POST
    • Kirstyg28
    • By Kirstyg28 7th Nov 17, 7:28 PM
    • 1Posts
    • 0Thanks
    Kirstyg28
    Bad credit default due to come off
    • #1
    • 7th Nov 17, 7:28 PM
    Bad credit default due to come off 7th Nov 17 at 7:28 PM
    Hi,

    I’m looking for a bit of advise. I have bad credit history from 5 years ago which are defaulted aswell as a ccj which is from 5 years ago and still currently paying.
    I am looking to getting a mortgage with my partner who has excellent credit and I know that at this moment in time I wouldn’t be able to get a mortgage.
    Will my defaults and ccj be wiped of in may as they are from may 2012 and will my credit rating go up? I was young and thought I’d get away with not paying!
    Shall I wait til this time next year to look at getting a mortgage if they are wiped off my credit report as it’s six years they stay on for if I am right at what I have been looking at?
    Thanks in advance for your help
Page 1
    • zx81
    • By zx81 7th Nov 17, 7:32 PM
    • 14,046 Posts
    • 14,732 Thanks
    zx81
    • #2
    • 7th Nov 17, 7:32 PM
    • #2
    • 7th Nov 17, 7:32 PM
    The defaults will be removed 6 years after they are put on.

    Pay no attention to your credit score, which may go up, down or round in small circles. What is important is that lenders will view you as lower risk once the negatives are no longer visible.

    However, bear in mind that the lenders you defaulted on may keep their own records for longer.
    • Richey_
    • By Richey_ 7th Nov 17, 7:32 PM
    • 262 Posts
    • 298 Thanks
    Richey_
    • #3
    • 7th Nov 17, 7:32 PM
    • #3
    • 7th Nov 17, 7:32 PM
    Pay off th3 CCJ at least 6 months before the mortgage application.
    Your defaults and CCJ will vanish from your credi5vreports six years after they were issued (5 in Scotland), if you are still paying the CCJ or defaults they will come up in affordability checks. Lenders can and do ask to see six month bank statements
    • DarrenJInglis
    • By DarrenJInglis 11th Nov 17, 2:50 PM
    • 22 Posts
    • 1 Thanks
    DarrenJInglis
    • #4
    • 11th Nov 17, 2:50 PM
    • #4
    • 11th Nov 17, 2:50 PM
    @Richey_, you said that CCJs get removed after 5 years in Scotland, is that applicable to all CCJs acquired in Scotland, even if you've moved out of Scotland since you got the ccj?

    I've recently moved from Scotland to Northern Ireland and I wonder if the ccj will still dissappear after the 5 years or will it be 6 as I now no longer live there?
    • fermi
    • By fermi 11th Nov 17, 3:00 PM
    • 39,274 Posts
    • 47,103 Thanks
    fermi
    • #5
    • 11th Nov 17, 3:00 PM
    • #5
    • 11th Nov 17, 3:00 PM
    @Richey_, you said that CCJs get removed after 5 years in Scotland, is that applicable to all CCJs acquired in Scotland, even if you've moved out of Scotland since you got the ccj?

    I've recently moved from Scotland to Northern Ireland and I wonder if the ccj will still dissappear after the 5 years or will it be 6 as I now no longer live there?
    Originally posted by DarrenJInglis
    That info was wrong. Scottish decrees stay on your credit report for 6 years, just like CCJs, no matter where you lived, or live now.
    I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards and Loans boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com

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    • DarrenJInglis
    • By DarrenJInglis 11th Nov 17, 4:47 PM
    • 22 Posts
    • 1 Thanks
    DarrenJInglis
    • #6
    • 11th Nov 17, 4:47 PM
    • #6
    • 11th Nov 17, 4:47 PM
    That info was wrong. Scottish decrees stay on your credit report for 6 years, just like CCJs, no matter where you lived, or live now.
    Originally posted by fermi
    Aww that's disappointing oh well, i only have two years left on my CCJ anyway then i'll have a clean credit report
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