Old CCJ

xmaslolly76

what happens to the debt one my ccj reaches its sixth year my mortgage adviser says the debt then has to wiped and they cannot chase you anymore also the ccj gets removed from my record. Is this true?

davek1

CCJ's become defunct after 6 years. that is the statutory time frame set for the recording of these on public records. In my limited experience after that time frame the debt becomes unenforceable in any event, assuming you haven't ha and dealings with or acknowledged the debt during that period.

if it is a settled CCJ it will automatically drop of your credit file after the date of first register. Get hold of a copy of your credit file and check it. leave about a month after the date and you should find it missing.

I'm sure others will tell you if i'm wrong

xmaslolly76

the ccj is not settled i have been making payments as instructed by the court but that will not clear the debt before the ccj runs out does anyone know whta happens next?

phil999_2

i have a question here (sorry to hijack the thread) can i ask a question about ccj.

my wife has a ccj and she has been paying it off at agreed rate for the last 8 years. Where does that leave the ccj expired or still going until the payment is complete.

davek1

my understanding is that the CCJ will still be off public records after 6 years. The person or company that took out the CCJ against you can still enforce it but as you are paying at an agreed rate there is little likelihood that further action would be contemplated. Please correct me if i'm wrong anyone. The whole idea of this is that after 6 years you effectively get a fresh start and are considered rehabilitated!!!

xmaslolly76

So that means i will still have to pay the debt but it will not show as adverse on my credit record it will just show as a normal debt??

Percy_Vere

CCJ's do not get staute barred so the 6 year rule does not apply. In fact if the lender chooses to they can have the record re-instated on your credit file until 6 years AFTER the debt has been cleared.

My advice would be to clear it as soon as possible so that they don't register it again.

davek1

I do agree with percy. creditors can apply to have the debt re-registered but if you are paying regularly then that is unlikely to happen. Providing the creditor takes no action then the CCJ drops off your file and shows nothing, although again teh creditor could notify the credit reference agency and get a record made of the amount owed and how payments are being made tec. Also unlikely after this length of time. I would still suggest getting a copy of your file about a month after the CCJ ends and see what is on it.

file_wizzard

The CCJ will naturally expire from you credit file after 6 years, even if the repayment schedule is sill running beyond this, however if you stop paying the lender will just apply for further enforcement action.

A CCJ which is not acknowledged or paid within 6 years will technically become statutory Barred,( the creditor would have to give a reasonable explanation as to why full recovery action wasn’t implemented within the 6 years)

However in most cases if the creditor has gone to the trouble of obtaining a CCJ in the first place the likelihood is that if you do not repay it that they will look to enforce a warrant of execution for possessions / assets, or a charging order against any property you own.

It is also noteworthy that although the CCJ will naturally expire from your credit file within 6 years, it will remain on the records of the Registry Trust indefinitely.