CCJ and Default Credit Card Advice Needed

faldo674

Morning.

I need some advice regarding a CCJ from 2013 and a default on a credit card.

The CCJ is in the region of about £400 and the default is around £500.

I am hoping to be able to buy a house in the next year, so its about time i scrubbed my credit file free of all the bad decisions i made as a student.

What is the process for clearing a CCJ? Who would i have to contact to pay?

I understand that if i pay it off i can apply to the court to have it marked as settled, does this make it much less damaging to credit? If i paid it off, does that start a new 6 year period of acknowledgement on the CCJ?

I can find the money for all of the debts with ease, just wish i knew exactly what to do.

Cheers all! :beer:

fatbelly

You pay who the judgement orders you to pay, i.e. the creditor not the court.

The record should then change to a settled ccj. How much difference it makes depends on the prospective lender's policies.

The ccj record falls off your file six years after the judgement. The creditor record falls off your file six years after the default was registered. Nothing you do will change that

sourcrates

The damage has already been done having a CCJ registered in the first place.
Paying it won't remove it from your file, it will show for six years from date of judgement, the default for the same period also.

Usually the further back in time negative information is, the less impact it will have on you, but ultimately it would depend on the potential mortgage lenders own policies !!

National_Debtline

Hi

The others have summed everything up for you. I just wanted to add that if you do still need to try and get a mortgage relatively soon it would be a good idea to go through a mortgage broker. They tend to have a good idea of which lenders (if any), may consider your application while you have a CCJ and default on your credit file.

James
@natdebtline