Quick CCJ question

mcscoobs

I got a CCJ which was settled (unfortunately after the one month period). it's with Barclays Bank for an overdraft in my student days.

My question is this - My equifax report shows the following data:

Court Date: 27/09/2007
Date Satisfied: 11/07/2008

When should I expect this to drop off my account? As it's killing my credit report!

Battleaxe44

I think it will drop off after six years about July 2014

fermi

6 years after the original CCJ date, so end of Sept this year.

mcscoobs

Is it 6 years after court date or settled date? I've had 2 replies with 2 different answers lol

Battleaxe44

I defer to Fermi's understanding.

fermi

mcscoobs wrote: »

Is it 6 years after court date or settled date? I've had 2 replies with 2 different answers lol

It is 6 years from the original judgement date.

http://www.trustonline.org.uk/understand-judgments-fines/county-court-judgment-records-how-long-ccjs-stay-on-record

County court judgments: The six year limit

Details of county court judgments remain on the register for six years from the date of judgment, unless the judgment is set aside, or the amount is paid in full within one month (see below).

mcscoobs

Thank you. Also, my credit report is absolutely faultless bar this CCJ. Electoral roll and all other information are correct (though i've only been in my flat for a year, so it doesn't look great!). But my score is a low 250 - would I expect this to change dramatically once the CCJ drops off?

fatbelly

mcscoobs wrote: »

Thank you. Also, my credit report is absolutely faultless bar this CCJ. Electoral roll and all other information are correct (though i've only been in my flat for a year, so it doesn't look great!). But my score is a low 250 - would I expect this to change dramatically once the CCJ drops off?

Yes!

Although the score is pretty much meaningless (every lender has their own 'matrix') there will always be a big difference between having a ccj on file and not having one.

mcscoobs

Looking forward to checking my report again in about 6 weeks or so then! Thanks all

mcscoobs

Quick update. Got an alert on my Equifax report - it's advised me that my CCJ has dropped off my account a couple of weeks early. My credit report is now Excellent in every category, no blips whatsoever. The only potential issue is that I've only been inmy new flat 18 months, so it may not look good on electoral roll.

Anyway, after this update, I applied for my credit score. On experian it's showing as 772 (Fair), but with the CCJ still showing. Equifax showed as 250 with the CCJ and 287 without. That's shockingly bad?? Why is it so low when my report is clean?

ValHaller

mcscoobs wrote: »

.... Anyway, after this update, I applied for my credit score. On experian it's showing as 772 (Fair), but with the CCJ still showing. Equifax showed as 250 with the CCJ and 287 without. That's shockingly bad?? Why is it so low when my report is clean?

To keep you paying for the score month by month and watch it improve. Probably.

Just make sure that your record is correct and forget about the score.