CCJS and credit score HELP!

bloomintots

Hello,


This is my first thread on here and I am really hoping I get some good news!!


My partner of 4 years has got 2x CCJS against him - one is for £850 (Credit card- Ex wife maxed out and he didn't change the address on it so weren't informed until too late!) the other £550 (Mobile phone related)


The 2 ccjs have been paid off in full and we are in the process of getting them satisfied by the courts.


My question is: Does someone with just a small CCJ get the same "punishment" as someone who is declaring themselves as bankrupt? So 6 years?


I have my own house I am very keen to get the mortgage as a joint mortgage and its a real tough thought to have to wait another 5 years for this to happen!


We have managed to get 2 small loans (Me as a guarantor on one) which he is paying back fine - he has also managed to get a store account with VERY which we are using. He is in full time work and is paid a good wage - he has had another loan of £6000 which was paid in full in the past 3/4 years.


All these little things we are doing to increase his credit rating doesn't seem to making much difference - how long does it take? and are we wasting our time as the CCJs seem to be the main issue regardless of the good credit he is paying back regularly ???


He was refused a joint account with me- which really worried me (My credit score is almost as good as it can be-)


I would really appreciate some advice on weather we can do more to help him?


Many thanks


Jodie

molerat

Ignore the score as it is made up number, it is the history that counts. The CCJ will stay on his record for 6 years. As time goes by the impact will reduce and a satisfied one will be viewed better than an unsatisfied one. Yes the timescale is as long as bankruptcy but the impact not so much, different lenders will have different views but it will likely be difficult for at least a couple of years to get any decent major credit.

FestiveJoy

bloomintots wrote: »

Hello,


This is my first thread on here and I am really hoping I get some good news!!


My partner of 4 years has got 2x CCJS against him - one is for £850 (Credit card- Ex wife maxed out and he didn't change the address on it so weren't informed until too late!) the other £550 (Mobile phone related)


The 2 ccjs have been paid off in full and we are in the process of getting them satisfied by the courts.


My question is: Does someone with just a small CCJ get the same "punishment" as someone who is declaring themselves as bankrupt? So 6 years?


I have my own house I am very keen to get the mortgage as a joint mortgage and its a real tough thought to have to wait another 5 years for this to happen!


We have managed to get 2 small loans (Me as a guarantor on one) which he is paying back fine - he has also managed to get a store account with VERY which we are using. He is in full time work and is paid a good wage - he has had another loan of £6000 which was paid in full in the past 3/4 years.


All these little things we are doing to increase his credit rating doesn't seem to making much difference - how long does it take? and are we wasting our time as the CCJs seem to be the main issue regardless of the good credit he is paying back regularly ???


He was refused a joint account with me- which really worried me (My credit score is almost as good as it can be-)


I would really appreciate some advice on weather we can do more to help him?


Many thanks


Jodie

I have the good news you were wanting.

The punishement for a CCJ is not 6 years.
You don't even get that for unlawful wounding (GBH)
In fact there is no term of imprisonment as far as a CCJ is concerned.
The CCJ will state what the 'punishment' is.

If it is complied with within 28 days, there will be nothing more to worry about.

If it is not complied with within the 28 days permitted, it will remain on the person's credit file for 6 years.

Bankruptcy is a whole different kettle of fish.

• The OR essentially controls all your assets & income (leaving you with enough for basic living expenses) to assist the creditors get their money
• You'll likely not get any credit whilst you are bankrupt, and the bankruptcy will remain on the credit file for 6 years
• If you own your own home, it may well be sold to help pay off the creditors
• Other 'luxury' possessions may also have to be sold e.g. a car
• According to your age, you may have your pension savings taken
• You may lose your job as a result of bankruptcy - some professions prohibit bankrupts
• if you own a business, you might not any longer
• going bankrupt can affect your immigration status
• Everyone will know you have been made bankrupt (and the stigma will remain with you forever) - that should solicit a few more responses to this thread

etc etc.


:xmastree::xmastree::xmastree::xmassign:

bloomintots

molerat wrote: »

Ignore the score as it is made up number, it is the history that counts. The CCJ will stay on his record for 6 years. As time goes by the impact will reduce and a satisfied one will be viewed better than an unsatisfied one. Yes the timescale is as long as bankruptcy but the impact not so much, different lenders will have different views but it will likely be difficult for at least a couple of years to get any decent major credit.

Thank you this is really helpful