How badly will a ccj affect my credit possibilities?

111222

I have one default(BT which I disputed) and one ccj(Scotland) for rent arrears.

How badly will this affect my credit rating, I assume it's as bad as you can get?

I was also told by someone that they were surprised that a rent arrears decree would be put into my credit file as it's government debt, can any one verify this?

I was going to apply for bankruptcy and may as well now even though my debts are only around £6000 and that includes around £5200 in council tax and rent arrears .

Can somebody advice, I have nothing to lose anymore going for bankruptcy as the ccj will have totally destroyed my credit chances anyway, is this correct?

[Deleted User]

A CCJ isn't great, but settling it will help and time will help repair your files.

Bankruptcy is obviously a lot worse and can impact you for much longer.

welly_59

111222 wrote: »

I have one default(BT which I disputed) and one ccj(Scotland) for rent arrears.

How badly will this affect my credit rating, I assume it's as bad as you can get?

I was also told by someone that they were surprised that a rent arrears decree would be put into my credit file as it's government debt, can any one verify this?

I was going to apply for bankruptcy and may as well now even though my debts are only around £6000 and that includes around £5200 in council tax and rent arrears .

Can somebody advice, I have nothing to lose anymore going for bankruptcy as the ccj will have totally destroyed my credit chances anyway, is this correct?

what are the dates of the ccj and default? have you checked your report via free sites? MSE and Noddle/GiffGaff will give you a free "score"

111222

welly_59 wrote: »

what are the dates of the ccj and default? have you checked your report via free sites? MSE and Noddle/GiffGaff will give you a free "score"

Default in July 2017 and ccj is aug 2018.

The ccj is only for £645, seems unfair, I didn't even know about paying it off after one month of recieving it, recalls etc.

So a bankruptcy is way worse than a ccj? Again Scotland if that matters?

I have disuted the default, I had BB from BT which worked for a day then flashing orange light, I refused to pay their final bill of around £210, hence a default.

In hindsight I should have paid but ....

[Deleted User]

Not much you can do - you voluntarily chose not to pay the bill - they have no grounds to remove the default.

A loss of service doesn't constitute not paying a bill

111222

!!! wrote: »

Not much you can do - you voluntarily chose not to pay the bill - they have no grounds to remove the default.

A loss of service doesn't constitute not paying a bill

Fair enough but what's my overall credit rating like in your opinion?

Am I totally screwed?

I haven't needed a loan for years but I may be going self employed soon and a small loan would be useful.


I assume a bankruptcy would just obliterate my rating?

If it makes a difference it's around 485 in noodle.

Pixie5740

111222 wrote: »

I have one default(BT which I disputed) and one ccj(Scotland) for rent arrears.

How badly will this affect my credit rating, I assume it's as bad as you can get?

I was also told by someone that they were surprised that a rent arrears decree would be put into my credit file as it's government debt, can any one verify this?

I was going to apply for bankruptcy and may as well now even though my debts are only around £6000 and that includes around £5200 in council tax and rent arrears .

Can somebody advice, I have nothing to lose anymore going for bankruptcy as the ccj will have totally destroyed my credit chances anyway, is this correct?

Being pedantic, it's not a CCJ, Scotland doesn't even have counties never mind county courts, it's a decree issued by a Sheriff Court. Whoever told you that rent arrears cannot result in a decree being issued and then reported to the credit reference agencies is talking pish. I assume when you say it's a government debt you were a social tenant and social landlords can absolutely take tenants to court for arrears and the Sheriff can award a decree.

Were you not aware that you were in arrears or did you know and hoped they would just go away?

It is possible to recall a decree but you only have 14 days after you have been served with either:

• A 'charge to pay'
• An 'arrestment' under diligence

https://www.nationaldebtline.org/S/factsheets/Pages/decrees-in-the-sheriff-court/applying-for-a-recall.aspx

Nasqueron

Your rating is how a lender sees you based on current and past history.


The fictitious score from the agencies is only seen by you and has no effect on your borrowing

welly_59

the score says it all. 485 is pretty bad. When mine was that level i couldnt even get a catalogue account.

Nowt you can do now apart from pay it, and wait for time to heal

Pixie5740

111222 wrote: »

Fair enough but what's my overall credit rating like in your opinion?

Which credit rating? There's no such thing as a universal credit rating.

https://www.moneysavingexpert.com/loans/credit-rating-credit-score/

111222 wrote: »

Am I totally screwed?

I haven't needed a loan for years but I may be going self employed soon and a small loan would be useful.

I can't see lenders clambering over themselves to offer you a loan with a decent rate when you have a very recent (less than 12 months ago) decree recorded on your credit files.

111222 wrote: »

I assume a bankruptcy would just obliterate my rating?

Again, which rating?

It's sequestration in Scotland and if it is recorded on your credit files then it would be even more difficult for you to obtain credit.

111222 wrote: »

If it makes a difference it's around 485 in noodle.

Will you be applying to Noddle for a loan?

Nasqueron

welly_59 wrote: »

the score says it all. 485 is pretty bad. When mine was that level i couldnt even get a catalogue account.

Nowt you can do now apart from pay it, and wait for time to heal

People with Experian 999 have been refused a basic SIM card


People with a score of 500 get a car PCP deal


The score is irrelevant