CCJ's and the credit point system

Beavercud

Hi,

I know that there probably isn't a definitive set point system when it comes to ones credit score, but I was wondering if anyone knew roughly how many points a CCJ would have?

I've finally got the company that issued me one to admit they were in the wrong and it was "recorded in error" so now I've sent away the letter to the registery trust to have it removed. That was just done the other day and was told it would take a week or so for all credit agency's to update their records. That's the only negative record on my credit file! Everything else is settled or no missed payments and want to know roughly how me score will improve?

I'm currently sitting on the "poor" mark.

Thanks

Tixy

There is no set point system, there is no one credit score.

Credit scores that the credit reference lenders will sell to you are generally considered to be pretty irrelevant and not worth paying for. No lender ever sees that score, they all have their own criteria when making a decision whether or not to lend to someone, which includes far more information than is taken into account when the CRAs calculate a score for you.

If that is the only negative item on your file then once its removed it will look a lot better to any potential lenders.