Multiple CCJs - same company

212

If an individual has more than 1 account with the same organisation, and these go to court, could they be lumped together to make one combined CCJ - or will it be 1 CCJ per account/agreement etc? Or does it vary depending on the court/lender?

happy_bunny_2

Hi there

Not sure. But a bit more info might help people.

What are the debts for, when taken out?

HB

ValHaller

It will correspond to how the creditor takes them to court.

Tixy

Usually in the case of a bank they treat the debts separately. So they could take court action for an overdraft, bank loan and credit card as 3 separate cases, resulting in 3 CCJs.

212

Thank you all. Yep it's a bank - regarding different current accounts with overdrafts.

Some terms I've seen (regarding 'credit checks') require a default amount to be less than £5,000.

So theoretically one could have 12 defaults of £4995 each and be passed for a job/house etc. 1 default at £5000 or above is instant decline - so trying to work out where I'd stand.

If the overdrafts were to be combined they would be over the £5,000

happy_bunny_2

The defaults would still be less than 5k each.

What in particular are you reading about?

Tixy

The defaults/account entries on your credit file would certainly all be separate.

I could imagine a job that is subject to credit checks might have something about the size of a default - but for a house/mortgage I can't imagine any having a term that mentions what value of default is acceptable and what isn't.
Any potential lender would assess your file as a whole (and I don't think they'd think 3 defaults of £3k as favourable to 1 default of £9k).

ValHaller

212 wrote: »

So theoretically one could have 12 defaults of £4995 each and be passed for a job/house etc. 1 default at £5000 or above is instant decline - so trying to work out where I'd stand.

There is not as I understand it, a global threshhold for acceptability of defaults. Every lender sets its own criteria and the majority are intolerant of a £50 late payment on a mobile phone.

212

Thanks.

It's not strictly lending (I know people declined for lending because of store card/mobile phone late payments - harsh!).

It's Homelet tenant referencing. I have a link to critera, which I'm not even sure should be available (been in properties where agents have used homelet for years now and found it a while back when searching for income to rent ratio) so won't post it on here.

Basically it says 1 default of £300 or less = possibly acceptable without guarantor (subject to the rest of your file being fine, good reference from landlords/employment etc).

Default over £300, or more than 1 default - Guarantor required

Default over £5,000 - Always decline.

Undeclared default/bankruptcy etc - Decline.

So I'm not 100% sure if it's the sum they look at as a whole (e.g. 2 x £4k = fail) or just oh look you have more than 1 default, so you need a guarantor... do you have any over 5k - no..... - the precise wording isn't clear - but if the accounts aren't lumped together then at least I can hope for the 'under 5k' threshold.

happy_bunny_2

As far as I know, tenant referencing only see public info such as CCJ, bankruptcy. The only way they would know about defaults is if you told them. They can't see your credit account data.

Despite what a lot of these companies claim.

happy_bunny_2

Have a look at post #17 on here:
https://forums.moneysavingexpert.com/discussion/4555839