From £85k to £1k debt - but what about CCJs?

welshboi

Hi there,

I got myself into a big financial mess. £85k. Ouch. Much has been paid and some of it is now statute barred.

However I do have a £2k CCJ against me. It's not on my credit file and I've never been chased for it.

What happens to the CCJ? From what I can find out, it cannot be statute barred and will be ongoing.

Thanks.

fatbelly

If it's not on your file, that infers it is more than six years old.

A ccj is expected to be enforced within 6 years and so they would now need permission from the court (and a reason why they have not acted sooner) to enforce this.

sourcrates

welshboi wrote: »

However I do have a £2k CCJ against me. It's not on my credit file and I've never been chased for it.

What happens to the CCJ? From what I can find out, it cannot be statute barred and will be ongoing.

Thanks.

If its no longer on your credit file, it wont have any further effect on you, and as Fatbelly says, they would need a good reason why the judgement was not enforced earlier.

It could be they just forgot about it, didnt think it was worth the time and effort collecting it, just an oversight, or they didnt have an up to date address for you, one thing to be aware of, is they could sell the debt on, and the new owner would not know about the CCJ, so be prepared for that eventuality.

welshboi

Interesting! I know that CCJs come off your credit file after 6 years but I thought it could still be enforced because it's not covered by the statute barred rules.

How could the debt now be sold on if the debt(s) are more than 6 years since default?

sourcrates

welshboi wrote: »

Interesting! I know that CCJs come off your credit file after 6 years but I thought it could still be enforced because it's not covered by the statute barred rules.

How could the debt now be sold on if the debt(s) are more than 6 years since default?

Once legal action has been taken, the Limitations act no longer applies.

Creditors then have six years to enforce judgement, if they fail to do this within that timeframe, they must seek permission of the court in order to do so.

They would need a good reason as said above.

Creditors will still try to collect on the debt, that's why you have to know how to deal with them.