Need advice on how to get my credit rating better (ccj)

Arleen

Arx88 wrote: »

I'm actually 25 now, not 19, I mean the debts and taking out loans started aged 19. So I feel it's worse for me as I still live at home but would like to move out (rent by buy).
I am looking at other jobs but I never hear anything back probably because a lot of my jobs were short term (longest 2 years).
I don't own anything anyway so court bailiffs can't really take anything from me, I don't own a house or car or have any expensive possessions..
I'm not looking at getting a credit card or a lot of loans. I just need finance help for a short course, I have contacted the college to see if I can pay in instalments but doubt it although I would probably prefer to do that than take out a student loan, I would need about £1500.

I'm finding it really difficult to find a job which I have experience in.

I don't have a steady income so not sure about SOA.

You won't be getting a loan, or installments, forget about that and move on from this idea. What you need is 1500 quid. Luckily, you live with momand dad, so get up, move on and find a job - any job. And when you are not picky, and have no actual expenses or alternatives it's pretty easy to find a job that requires no experience at all. There are macdonalds, warehouses, shopping hiring everywhere various people - from cleaing staff to line employees.

And don't just sit online sending CVs. Get yourself out and walk to places that may seek employees. Worst case you will hear no, but if you will present yourself to enough fast food joints/shopping centres/whatever other jobs are in your town, in person, eager and ready to work, you will eventually hear yes. And have much better chance at it than joining the online-cv's mill.

And don't be shy, if you will find two jobs like that - take both. This way you will have less time to spend any of it, meaning that you will get on an even-keel a lot quicker. Because that is what you need job(s), not more debt.

And the bailiffs, if it comes to it, will increase your debt. And while after 6 years the CCJ will drop off your file, you will still owe that money.

cjmillsnun

vishva wrote: »

snipped a load of ******** that relates to American FICA score

Why post that load of spam?

heartbreak_star

TBagpuss wrote: »

Paying off the debt even though you have a CCJ is a good idea in the long run. Once it is cleared in full it will be shown as 'satisfied' on your credit report, which is better than having it show as still outstanding.

Yep that's what I did - my credit score (I know it's just a number, haha) went up slightly when I paid my CCJ off.

HBS x

amy1695

Hi. I just wanted to reply to tell you that it does get better. When I was 18, I got into loads of debt. I'd just had a baby and was struggling to pay things on the rubbish maternity pay you get! One debt for my council tax that I couldn't afford is £1900! Altogether was about £3500! I've paid a lot off now, about £2000 worth. I still have the rest to go so have set up payment plans with the companies I owe money too. I find that they are willing to accept whatever I offer. I now pay £10 per month to two companies and £160 per month to another (my choice as this was the £1900 debt and I just want it gone!) just call them and offer what you can afford, even if it is just £5 per month. It may take a long time to pay but it is worth it! I'm 22 now and almost debt free, compared to 4 years ago! You could try the Open University to do a course. They're much cheaper than a college or university and you can work alongside your course. I work full time and do a course full time. Good luck!

Remulos

This sounds exactly the same as me! Payday loans spiral between 19-21, CCJ at 20 for 1.4k, feeling like it's all hopeless. I used to let my mail just pile up because I was too scared to look at it. There is light at the end of the tunnel it's just a really !!!!!! tunnel!

Some advice from someone who is only now coming out the other side (at 26), find something small that you really enjoy and devote yourself to it. A lot of advice on these forums will be really great financial advise but the cold hard truth is that the CCJ will be affecting your credit score for 6 years and everything you do is damage control. It can feel like you're working your !!!! off to get back to 0 while everyone else is working to get ahead and that is a really horrible feeling. The most important thing is stability. Get yourself a stable job, no matter what it is, and start a Debt Management Plan to regularly pay off your debts. It might seem counter intuative but DO NOT pay everything you have into this plan. Pay as much as you can while keeping enough to be able to afford to do things to keep you sane.

I started of paying every penny I could to the DMP but would then go home and stare at the wall. Then I lowered the amount by £30 a month, just enough for a new video game or a couple of books. This helped me stay sane through some very lean years.