Wouldnt You Like to Know Weatherman
A reader asked:
In Baronial 2015 a CCJ was registered against me for £211. I paid off the balance, but not inside the month. I have banking concern statements to bear witness its been paid.
On my credit report it shows the status as "active" fifty-fifty though I take paid it. I've contacted the debt collector multiple times but they say as it's an old case it's no longer on their organization and they can't aid me.
I don't know what to practice. Should I only wait it out until Aug next yr (2021) and hope information technology drops off? If I get it marked satisfied will it assist my credit rating? The balance of my credit report is make clean. Will information technology stay on my report for some other 6 years?
How frustrating!
As you say, you could just wait until the CCJ drops off your credit record afterwards half dozen years. But if you are planning on making any credit applications in the next twelvemonth, they may be declined because of this apparently unpaid CCJ.
How to get this corrected
The credit reference agencies such as Experian get their CCJ details from the database maintained past Registry Trust. Registry Trust gets the information almost CCJs from the courts.
If the CCJ was paid in full, the creditor should have informed the court the CCJ was satisfied. In this reader's example the debt collector didn't do this at the fourth dimension and seems unwilling to do this now, so yous have to tell the court yourself.
Your credit report will show the court name, date and instance number. Nigh CCJs for consumer debts such every bit credit cards or loans are candy by the County Courtroom Business concern Centre in Northampton, whose accost is here. Yous will need to send details of the CCJ and a copy of your bank statement to prove that the payment was made.
That should be enough. But if you want a Certificate of Satisfaction you lot tin utilise for ane using class N443, in which case y'all take to enclose a cheque for £14 fabricated out to HM Courts and Tribunals Service.
A summary of the outcome on your credit tape
If you paid the CCJ within a month it disappears
A CCJ that you have paid promptly within i calendar month days should exist deleted from your credit record.
If it is nevertheless showing, your creditor hasn't told the court. Y'all can sort this out by following the in a higher place process: send a re-create of your bank statement to the court, the courtroom tells Trust Online who updates the Register which will exist reflected in your credit reports.
All other CCJs become after vi years automatically.
If it hasn't been paid within the first month the CCJ will stay on your credit record and drop off after six years.
It will driblet off after vi years any happens – whether you pay it in full, settle it partially, you are still making monthly payments to information technology or oasis't paid it at all.
Y'all don't have to practice anything – the CCJ volition drop off automatically.
The only way to remove a CCJ apart from waiting for it to drop off after six years is to become information technology "set aside" by the court. Do non believe any websites that say they tin get it removed for you lot if you pay them!
You tin can become a CCJ deleted if yous win an affordability complaint about the debt, but this notwithstanding has to go through the court ready aside process.
If you paid the CCJ in total but after more than a month
If y'all paid the CCJ after the starting time month, getting information technology marked equally Satisfied will NOT ameliorate the credit scores that you tin can see.
This may seem surprising, but whether you have paid a CCJ or not is not taken into account in those credit score calculations. Until the CCJ drops off after 6 years, you will not see an improvement.
But paying a CCJ in full may brand some creditors more prepared to lend to you. And of course it stops the creditor sending round bailiffs or trying to deduct money from your wages.
If you settled the CCJ partially
There is no way of marking a CCJ equally partially satisfied. It will remain showing every bit outstanding until it drops off.
If a CCJ was included in bankruptcy, a DRO or an IVA
A debt ceases to exist after you are discharged from bankruptcy or after your DRO year ends or your IVA completes.
Merely although y'all no longer owe the coin, the CCJ will not be marked as satisfied. The credit reporting rules say the debt should be marked as partially satisfied in some fashion, simply there is no way to marking a CCJ equally partially satisfied so information technology volition keep to prove every bit outstanding on your credit record for 6 years. Run across clear up your credit record later on bankruptcy or clear up your credit record after a DRO.
Is this worth doing?
You may wonder what the point of getting your credit tape corrected is if your credit score will not meliorate.
Only lenders don't really use the credit scores you can see make their own decisions about who to lend to, and many of them may take account of the "satisfied" marker confronting a CCJ, so this is worth doing.
You are very unlikely to get credit at a reasonable rate with an unpaid CCJ showing.
But even afterwards the CCJ has been paid and your credit record updated, y'all volition still detect it hard to go a mortgage or other low cost credit.
Updated in 2020.
More than Debt Camel articles:
My debt has been sold to a debt collector
Can y'all get a mortgage with debts?
Improve your credit score for a mortgage
Source: https://debtcamel.co.uk/paid-ccj-satisfied/
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