If you have a County Court Judgment CCJ in your name, it can have a serious impact on your Credit Score and ability to borrow for the entire time it is active, as well as potentially affect the outcome of the checks carried out by prospective employers, landlords and insurers. There are several different reasons you might need to print or share a copy of your Credit Report, such as assisting a mortgage advisor during an application, showing a specific entry to a lender, or even just to keep a physical copy for your personal records.
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Having a CCJ on your credit file will make it much harder to take out further credit. However, if you're struggling with debt the most important thing to do is get free debt advice to manage your payments. Once you're back in control, your credit file can be repaired.
The register is operated by a company called Registry Trust and courts send them details of all new CCJs. If you pay the CCJ in full within a month of the judgment, you can apply to have the CCJ removed from the public register and from your credit file.
Lost a claim form? This might make it easier to apply for credit before the CCJ drops off your credit file, six years from the date of the original court judgment. The court gives you the opportunity to dispute the judgment and to come to arrangement to pay what you can afford over time.
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The register is operated by the Registry Trust, a company that holds all adverse CCJ information on companies within England and Wales. This company also shares data with credit checking companies. A County Court Judgment CCJ lasts on the Register of Judgments and your credit file for 6 years, however, there are some exceptions which we will outline below.
Within these 6 years, if you apply for credit, your lender will see the CCJ on your credit file. Also, if you are looking to do new business with someone and they check your company credit report in their due diligence process, they will be informed of the CCJ. A County Court Judgment CCJ is a court order that a creditor someone that has extended services or products to you at a cost has taken out against you for an unpaid debt. If you receive a letter regarding a CCJ, you need to respond within 14 days to get the benefit of flexibility.
If you fail to respond within this timeframe, the court may order you to pay back the money you owe at a rate you cannot afford and it could lead to further legal action. Having a CCJ on your credit file will likely hinder your business as it will make it harder to take out further credit.
It could also discourage other businesses from working with you if they see it on your company credit report.
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