Everything is paid...now what?

dk5294

Had a nightmare week! Found out I have ANOTHER ccj that I knew nothing about! It's only showing on my Noddle credit file and none others! I didn't open the account, whoever did applied using my middle name and misspelt my surname, but I can't prove it and I need to pay a fortune to try to (the ccj is for £221 so I'll just cut my losses)It's 2 years old, and officially paid off. Decided I would use my mortgage deposit to clear my defaults too all in (£1680) as me and my husband want a joint mortgage.

Question is, now everything has been paid in full and the 'youngest' negative was this rogue default (over 2yrs old) will my credit rating improve? All current debt is up to date with no missed payments. I'm just not sure if I would look more favourable to a lender in 6 months now? I say 6 as I hope to have the rest of my credit paid off within a 3 months and the money replaced that I have used.

Thanks

Arleen

Credit rating is imaginary, ignore it. What matter is what is on your file. And while defaults/late payments are not good, and they will stay for at least 4 more years (the youngest one) we have stories here of people with similar files getting a mortgage. You for sure will want a broker.

dk5294

We were recently accepted for assistance with the LIFT scheme in Scotland so we have very few lenders who will lend to us. My husband went for a solo mortgage but as our tax credits are in joint names they couldn't be used to boost his income and we were unable to find a lender who would loan us the 46k we needed.

Would a broker be able to help more with a high street lender than if we were to go it alone? We were given rather silly advice by CW a few weeks ago, we only know why we were rejected because we went to Halifax ourselves and asked and it's put me off involving a broker =\

Nasqueron

dk5294 wrote: »

Had a nightmare week! Found out I have ANOTHER ccj that I knew nothing about! It's only showing on my Noddle credit file and none others! I didn't open the account, whoever did applied using my middle name and misspelt my surname, but I can't prove it and I need to pay a fortune to try to (the ccj is for £221 so I'll just cut my losses)It's 2 years old, and officially paid off. Decided I would use my mortgage deposit to clear my defaults too all in (£1680) as me and my husband want a joint mortgage.

Question is, now everything has been paid in full and the 'youngest' negative was this rogue default (over 2yrs old) will my credit rating improve? All current debt is up to date with no missed payments. I'm just not sure if I would look more favourable to a lender in 6 months now? I say 6 as I hope to have the rest of my credit paid off within a 3 months and the money replaced that I have used.

Thanks

Why on earth are you considering paying off a fraudulent debt and thus accepting it's yours? They have to prove it's your debt, not for you to prove it's not.

Apply for a set aside for CCJ on the grounds it's fraud

Dr-Ken

Paying off the default/ccj when it wasn't yours was a bad idea firstly, it's effectively an admission of liability and if you were to challenge that to try have it removed it'll be extremely difficult now.

There are many lenders out there that will lend to people who have adverse credit, as long as you've not had any arrears or other adverse in the last 12 months there's probably a lender out there for you. You can do the research and look to approach lenders yourself however you might find it easier to use a broker, they have a lot of experience dealing with lenders since it's all they do all day. I'll set your expectations now though, it won't be cheap.

dk5294

I contacted shoosmith who were instructed to collect the money on behalf of shop direct, they put me on to one of their lawyers who advised me that I would have to prove it wasn't my debt as the information was rather similar AND it was taken out at an address I lived it, at the time. It's an e-signature though so I can't argue that I didn't sign anything and have it proven? They stressed it would cost me £1500 to get to court to ask if it could be set aside and I don't have the funds.

Surely a lawyer wouldn't advise me if they thought for a second I would potentially be able to have it set aside?

MrsTinks

You are asking us if we think someone working on behalf od the debt collector might possibly fib about the legitimacy of a debt and it's likelihood of being approved by a court? Uhmmm.... First I doubt you spoke to a solicitor at all! They may have SAID they were a solicitor - but trust me, it's highly unlikely they even employ a registered solicitor.

I'm a little confused for a few reasons here - you say you're in Scotland but it sound like this went through an English court? Shouldn't it have gone through the Sheriffs? I don't know what the costs are for the appeals process there - but for a CCJ it's definitely NOT £1500 so that was a blatant lie. If I were you I would call national debtline or one of the other charities.

It sounds to me like Shoosmiths have lied through their teeth!

dk5294

Shoosmiths are a lawyers, they deal with all sorts of things, one being debt. They advised me not to pay until I'd spoken to someone and offered a free phone consultation with one of their legal associates =/

Shop direct is an English company and the CFAs are English so it shows as a CCJ but it is served as a decree.

Nasqueron

It's not your debt, apply for a set-aside, don't pay it!

PixelPound

Nasqueron wrote: »

It's not your debt, apply for a set-aside, don't pay it!

If he pays within the first month of the CCJ it gets removed. Yes its easy to take the moral high ground and apply for set aside, but that costs with no guarantee. There are cheaper options than employing an expensive solicitor though

Nasqueron

nic_c wrote: »

If he pays within the first month of the CCJ it gets removed. Yes its easy to take the moral high ground and apply for set aside, but that costs with no guarantee. There are cheaper options than employing an expensive solicitor though

What moral high ground??

The OP stated someone took out finance using their middle name and miss-spelled their surname - it's clearly fraud. Why on earth would you pay that debt?