Which debt to clear first and CCJ Question

philmctyre

Hi all

Two questions if possible!

Firstly, I logged into my Credit Report online, and it showed my CCJ from 2007, but the one I received through the post doesn't show it all, not any mention what so ever.

So which version will creditors see? Is it online just for me to see?

And secondly, will paying off the larger debts first help more, or should I pay off the ones that have been in arrears the longest?

Thanks in advance!

guesswho2000

philmctyre wrote: »

Hi all

Two questions if possible!

Firstly, I logged into my Credit Report online, and it showed my CCJ from 2007, but the one I received through the post doesn't show it all, not any mention what so ever.

So which version will creditors see? Is it online just for me to see?

And secondly, will paying off the larger debts first help more, or should I pay off the ones that have been in arrears the longest?

Thanks in advance!

Your online report - is it recent? As you say the CCJ is 2007, so the 6 year anniversary is this year - it will be gone after this, so if your postal report is newer, that could explain it. EDIT - also, are they from the same CRA?

Can't answer the second for sure unfortunately, but I can only assume that the longer in arrears the worse, so I'd go with that.

philmctyre

Thanks for the reply!

The online report and printed report and both exactly the same - ordered the post one last week and it arrived today, and signed up online today.

My debts are all under the title of Accounts, but the CCJ is under a seperate one of Public Records. But as I say, the post one shows nothing!

Very confusing!

matttye

philmctyre wrote: »

And secondly, will paying off the larger debts first help more, or should I pay off the ones that have been in arrears the longest?

Pay off in order of highest to lowest interest.

If you're not paying interest or they're all the same interest rate, then go with oldest to newest debts.

Tixy

Was the CCJ at a previous address?
Does the previous address show on your address history on the postal report?

In terms of order of repayments, depends on if you are being charged interest and things like if some defaults and some don't, when the defaults are due to drop off etc.

philmctyre

Thanks Matttye - I understand that would be the best way to pay them off to save money, but how about to improve my credit rating faster? Or is that the same thing?

philmctyre

Tixy wrote: »

Was the CCJ at a previous address?
Does the previous address show on your address history on the postal report?

CCJ was from previous address, but that is connected to the report, as a previous small credit card from that address is showing.

matttye

philmctyre wrote: »

Thanks Matttye - I understand that would be the best way to pay them off to save money, but how about to improve my credit rating faster? Or is that the same thing?

Only if some haven't defaulted, or if you're being threatened with imminent court action over any of them.

Once they've defaulted, your credit report won't drastically improve until they fall off.

philmctyre

matttye wrote: »

Only if some haven't defaulted, or if you're being threatened with imminent court action over any of them.

Once they've defaulted, your credit report won't drastically improve until they fall off.

OK great stuff, cheers

Tixy

If some have old defaults that will drop off soon, and some have newer defaults that will be on for a while yet then focus on the newer defaults first.

As the CCJ now shows on file then any potential lenders you apply to will see the CCJ.

philmctyre

Tixy wrote: »

If some have old defaults that will drop off soon, and some have newer defaults that will be on for a while yet then focus on the newer defaults first.

As the CCJ now shows on file then any potential lenders you apply to will see the CCJ.

Great thanks - but why isn't it showing on the one I received in the post? It's not even mentioned in the Accounts bit - it shows my credit card, loans and current account, and thats it. No mention of the CCJ or the account connected to it.

Just seems strange its not on paper version, and the online version shows in Public Records but not in the accounts section