Unpaid CCJ or Used Overdraft
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MrHouse
Posts: 2 Newbie
Hi, I am trying to rebuild my credit after many years low income and stupidity. I am doing well clearing off my debts now and not accruing any more.
I have an unpaid CCJ on my credit file, I cannot afford to pay it from savings, but I do have enough available on my overdraft to clear it.
So the question is this. From a purely credit score point of view is it better to use my overdraft to pay off the ccj right now and pay back the overdraft over 6 months or keep my overdraft useage lower (I am already using about 35% of my overdraft) and pay off the ccj over 6 months. My ccj has just under 3 years remaining.
Thanks
I have an unpaid CCJ on my credit file, I cannot afford to pay it from savings, but I do have enough available on my overdraft to clear it.
So the question is this. From a purely credit score point of view is it better to use my overdraft to pay off the ccj right now and pay back the overdraft over 6 months or keep my overdraft useage lower (I am already using about 35% of my overdraft) and pay off the ccj over 6 months. My ccj has just under 3 years remaining.
Thanks
0
Comments
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From a purely credit score point of view, it would be a flip of a coin. But that doesn't matter.
But from a credit history viewpoint - being a little overdrawn versus an outstanding court judgement for non-payment of bills? It's a no-brainer.0 -
Is the CCJ valid? did you have notice? is it your debt? if not firstly try to remove it and then if that is not possible paying it is better0
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Yes, I believe the ccj is valid and for a debt that I didn't pay (Welsh water).0
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