Adding "Notice of correction" to Credit File

Daniluvsuall

In light of some information that I could add a note to my credit file called a "Notice of Correction" i've applied to Experian, Equifax and CallCredit to have a notice of correction added to my credit file in regards to a CCJ I have.

Does this and would this help my credit-rating? My rating I'd say is OK.. one or two late payments.. all credits up to date etc.

My CCJ was issued to me when I lived away from home, a water bill was in my name and when when I left the address stupidly did not leave a forwarding address or think to contact them as the water company hadn't been billing us (Simply forgot about it, We wasn't ever contacted) I only found that I had a CCJ when I did a credit search a few months ago by then it'd already been on there 2 months, bummer.

I haven't as of today paid the CCJ off (it's only £300 so not much) because of work commitments I've just been really busy.. now that I've got a CCJ against my name.. is it worth paying? Is the money gonna mount up? If I pay it it won't leave my credit file will it?

My credit isn't awful, I can get a few phone contracts (I only want one) and I have a Vanquis card with a £250 limit on it which I regularly pay off - but I am wanting to improve it greatly and or switch banks to FirstDirect (they declined me for a bank account.. that hurt!)

Any help and comments appreciated.

chanz4

sorry it wont make any differance, a ccj will mean your file is very poor. Paying it will be better for you, but it will kill most applications for mainstream

RichGold

As I've stated before, a credit history file is a record of what actually happened, not what you would have liked to have happened. The stark truth of this is that when you left where you used to live you didn't pay all the bills and, oversight or not, your credit file reflects this. What I do find disturbing is that you're now debating whether or not to satisfy this outstanding amount. I would pay what you owe. It won't remove it from your file, but it will read better to anyone who sees it.

Daniluvsuall

RichGold wrote: »

As I've stated before, a credit history file is a record of what actually happened, not what you would have liked to have happened. The stark truth of this is that when you left where you used to live you didn't pay all the bills and, oversight or not, your credit file reflects this. What I do find disturbing is that you're now debating whether or not to satisfy this outstanding amount. I would pay what you owe. It won't remove it from your file, but it will read better to anyone who sees it.

That's fair, I do still feel a little punished by something that said company should have put SOME effort into contacting me but that's irrelevant.

Surely this is a vicious circle though? I've got a bad rating so I never get credit to improve it? - Not questioning your answer just curious.

Tixy

Paying off the CCJ will make your file look a little better. It should mean you'll be able to get subprime credit (e.g. a subprime card once the CCJ is a couple of years old). A notice of correction is unlikely to make a difference to your ability to get credit.

You could possibly look into whether you could get the CCJ set aside. Whilst your case doesn't fit any of the normal reasons for getting a CCJ set aside (because you didn't give the company your new address) some people on these forums have been successful in getting a CCJ set aside by paying the CCJ as soon as they became aware of it and making an application to have it set aside stating this, you might even ask the water company whether they would file any objection to you applying for it to be set aside.

There is a fee to apply for a CCJ to be set aside and there is no guarantee that you will be able to but you might feel its worth a try and worth the fee - depending on your financial plans for the next 5years or so (if you are hoping to apply for any mainstream credit or a mortgage in that time then it might be worth a punt).

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=12_how_to_set_aside_a_judgment_in_the_county_court

Voyager2002

Good advice here!

An outstanding CCJ on your credit record is extremely bad. If you pay it completely then at least your record will show it as "settled", which is still not good but a considerable improvement.

Most lenders probably don't even bother to read a notice of correction, and anyway you don't have any new facts to provide but simply confirm that you had a valid debt that you did not pay. If you have time to write a notice of correction (or even to post here) then you certainly have time to pay the bill.

Daniluvsuall

Tixy wrote: »

Paying off the CCJ will make your file look a little better. It should mean you'll be able to get subprime credit (e.g. a subprime card once the CCJ is a couple of years old). A notice of correction is unlikely to make a difference to your ability to get credit.

You could possibly look into whether you could get the CCJ set aside. Whilst your case doesn't fit any of the normal reasons for getting a CCJ set aside (because you didn't give the company your new address) some people on these forums have been successful in getting a CCJ set aside by paying the CCJ as soon as they became aware of it and making an application to have it set aside stating this, you might even ask the water company whether they would file any objection to you applying for it to be set aside.

There is a fee to apply for a CCJ to be set aside and there is no guarantee that you will be able to but you might feel its worth a try and worth the fee - depending on your financial plans for the next 5years or so (if you are hoping to apply for any mainstream credit or a mortgage in that time then it might be worth a punt).

That's great thank you, I'll get the CCJ paid off this month and attempt to get it set aside - although I do not know what the future holds in terms of credit I'd rather have my options left open to me rather than be "Screwed" either way.