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CCJ removal and credit score !
dazzaofdagenham
Posts: 1,529 Forumite
Ok ok I know the credit score from noodle etc is meaning less but ...
It is often said that the older the debt is, the less impact it has on a credit score.
So a 5 year old CCJ has less of a impact than a 1 year old CCJ.
Therefore when a CCJ falls off a credit report after 6 years, would I be right in saying that the credit score ( if there was one ) would not move much due to the fact it is 6 years old
It is often said that the older the debt is, the less impact it has on a credit score.
So a 5 year old CCJ has less of a impact than a 1 year old CCJ.
Therefore when a CCJ falls off a credit report after 6 years, would I be right in saying that the credit score ( if there was one ) would not move much due to the fact it is 6 years old
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Comments
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Maybe, maybe not. Random events have random effects on your score. In my case opening a current account with no overdraft had a large effect on my score whilst opening 2 credit cards with large credit limits had very little effect. Closing a CC also resulted in a large drop. Go figure !0
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