CCJ - 5 years old and need some help!

MEM62

lauravenue wrote: »

I am afraid you do not know my situation, therefore saying there are a number of options between the extremes of mortgage and homelessness is incredibly insulting. Please understand that you have no idea what situation I am in and why that is my only option.

There is no insult neither was there any intended. There are often more options open to us that we can initially see. Of course we do not know the full details of your situation, that is why we can only reply based on what you have posted.

I just wanted to know if paid would it make my credit report look any better than if it was unpaid.

Generally, yes - but it may have a limited impact on how much better a lot of lenders view you. A mortgage broker would be a good bet in your case. Others have had a good outcome in such circumstances.

...........

David_White

" I just wanted to know if paid would it make my credit report look any better than if it was unpaid."

The CCJ would still show on your report but it would be marked as satisfied.

In short, some lenders will care if the CCJ is satisfied and some won't.

It certainly wouldn't do any harm to settle it though.

Aquamania

You owe £150. Why don't you pay it?

You suggest it is unfair. Well a court has already decided otherwise.


If you feel the court decision is wrong, you should challenge that decision.
In your instance, this will be a 2 step process.

1. To get the original judgement in default set aside
2. To successfully defend the claim made (although the court will want to know the basis of your defence in deciding whether to grant (1))

You should do this because, although the CCJ will fall of your credit history in another year, you still owe the money. And because the debt is supported by a CCJ, even the limitations act won't prevent the plaintiff from pursuing you until you die if necessary for payment (and then the plaintiff could claim from your estate).
If the plaintiff incurs more court fees in pursing you in this debt, then that will be added to the amount you already owe.
Do you really want all that hanging round your neck for the rest of your life (only for your children to then discover their inheritance is not quite as large as it should be because you failed to pay your way in life)?

If you are buying a property, then one way the plaintiff could opt for to enforce judgement is to put a charging order on that property you purchased? Do you really want that hanging around your neck until you die or sell, whichever occurs first?

But that is usually a last resort. My guess is they will first attempt to use bailiffs. Do you really want these people banging on your door. What will your neighbours think?

Or perhaps a dirty little trick that would really cause you problems, would be to get the court to freeze your bank accounts until you coughed up. What effect do you think that might have?

So please, either pay up ... or if you really feel aggrieved against the judgement made against you, try to get it set aside. You appear to have done remarkably well to avoid this debt for 5 years, but think how many more years you have ahead of you in life to keep on the run, assuming you keep avoiding paying it or don't get it overturned. It's not all over after 6 years.

lauravenue

The company have had my correct details for years and years and i've never heard from them. I have tried to pay it 3 times and never been able to (due to either no response to emails or just plain ignoring my phone calls) so actually I haven't been able to pay it. It is not much money at all and I have emailed them on and off over the past 3 years saying how do we fix this. But still nothing. I got an email back yesterday saying I will reply to you within a week. But even then i'm not sure if the response will tell me how to pay.

I have not intentionally avoided it at all, I have more than £150 spare and have done for the past 3/4 years. It was owed wages, which I didn't owe. But the manager at time time (2010) left the company years ago and obviously I have no evidence other than my manager told me it was fine. So it is a false claim, but I have no proof of that.

I was just trying to gauge whether it being paid or not makes more of a difference than if it is stelled or not. I can see that it just depends on each lenders criteria and that I will not get a definitive answer beforehand. If I manage to actually get to pay it this year then it would only show as settled for a month or two = not good. If they look at when it was which is Nov 2010 they would see it was 5 years ago = better. So I can take from this that basically there is no correct answer and I will just have to wait and see!

solentsusie

lauravenue wrote: »

The company have had my correct details for years and years and i've never heard from them. I have tried to pay it 3 times and never been able to (due to either no response to emails or just plain ignoring my phone calls) so actually I haven't been able to pay it. It is not much money at all and I have emailed them on and off over the past 3 years saying how do we fix this. But still nothing. I got an email back yesterday saying I will reply to you within a week. But even then i'm not sure if the response will tell me how to pay.

I have not intentionally avoided it at all, I have more than £150 spare and have done for the past 3/4 years. It was owed wages, which I didn't owe. But the manager at time time (2010) left the company years ago and obviously I have no evidence other than my manager told me it was fine. So it is a false claim, but I have no proof of that.

I was just trying to gauge whether it being paid or not makes more of a difference than if it is stelled or not. I can see that it just depends on each lenders criteria and that I will not get a definitive answer beforehand. If I manage to actually get to pay it this year then it would only show as settled for a month or two = not good. If they look at when it was which is Nov 2010 they would see it was 5 years ago = better. So I can take from this that basically there is no correct answer and I will just have to wait and see!

As previously advised, seek out a reputable mortgage broker and they will, from their experience in dealing with these situations, be able to advise you whether continuing with your attempts to pay off this CCJ are worth the effort or not.


Everything will depend on your own individual circumstances, the amount of loan to value on the property and your income against expenditure will all be taken into consideration.


Good luck