Will my credit rating instantly improve when my ccj is removed?

jorje21

I have a ccj on my credit file (which is satisfied) and the 6 year period ends in 1 year.  I have no other negatives on my record.  When the 6 years is up will my rating improve straight away?  I am looking to get a mortgage next year and obviously this is hindering it hugely at the moment. 

cymruchris

The removal of my CCJ which was set aside after 3 years didn't make an ounce of difference to my 'score' - in fact it dropped slightly for a month. Several months later it's crept up a little - but I think that's more to do with me buying my everyday stuff on credit card, and then paying off in full each and every month. Focus on what you can improve and maintain to demonstrate your reliability and creditworthiness to any future mortgage application. Pay everything on time - if you dont have a credit card - get one - and use it to pay for monthly expenses - and then pay it off in full etc. Don't fret too much about the CCJ coming off - as it'll make little difference in your made up score. 

jimbo26

Don't expect the score to rapidly increase. The good thing is that lenders don't look at the score so it won't have any bearing on any mortgage application. Once the CCJ has dropped off your chance of a mortgage offer at a good rate will be greatly improved.

DCFC79

jorje21 said:

I have a ccj on my credit file (which is satisfied) and the 6 year period ends in 1 year.  I have no other negatives on my record.  When the 6 years is up will my rating improve straight away?  I am looking to get a mortgage next year and obviously this is hindering it hugely at the moment. 

Your history not your score is whats important here.

[Deleted User]

A CCJ that's 5 years old shouldn't hugely hinder a mortgage - unless it's either not been paid or is very large (in the thousands).

Regarding the score as others have said it's useless - your 'score' may not improve, but in reality once CCJ drops you will find it easier to get a mortgage than with it present.

Be careful getting Decision in Principles just before it drops off - most won't re-check you for say 30 days.

So if it drops off on say 1st March 2021, don't go and get a DIP on 15th Feb 2021 to see what's what... because if you then want to proceed on 1st/2nd March they'll still have the old data on their systems.

I've got adverse dropping off soon so I'm literally waiting until the day after it drops before doing DIPs etc.

Remember that the company you got the CCJ from (and related/Group companies) will still be aware of it even when it's off your file - so if it was consumer finance related and from, say, Halifax - it might be worth avoiding Lloyds Banking Group (or they may not care, but personally I'd avoid incase it causes extra hurdles).