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what happens when I've paid off a CCJ?
rockie4
Posts: 1,264 Forumite
I've been down the DMP route with CCCS long before I found this forum and thanks to a legacy I managed to pay off all my debts except one. Nationwide had got the CCJ against me before I went to CCCs so we left it alone. I only owe them £420 now, if I pay the set amount it will be finished in October 2008. 
WHat happens when it's finished? How do I repair my credit rating and is there any point in paying more off to finish it faster
- I can't pay much more as OH is now out of work so we are reliant on my salary.
WHat happens when it's finished? How do I repair my credit rating and is there any point in paying more off to finish it faster
- I can't pay much more as OH is now out of work so we are reliant on my salary. 0
Comments
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A CCJ will stay on your credit record for 6 years from the date of issue....I'm afraid it cannot be "paid off faster".0
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When you have finished paying the CCJ you can ask for the reference to it, in your credit file, to be marked as satisfied - This may automatically happen, but don't count on it. You might need a 'Certificate of Satisfaction' obtainable, at a fee, from the court.
Having the reference marked as 'satisfied', on your crf, does not mean that the entry will disappear from your file in less than the statutory 6 years, but any creditor, searching your file, will usually view a 'satisfied' entry in your favour.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0
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