If you’ve received a County Court Judgment (CCJ) or are concerned about the potential impact of one, you’re likely wondering about its effect on your credit file.
County Court Judgments (CCJs) typically stay on your credit file for six years, but the exact duration can vary depending on how quickly you respond to the judgment
If paid within one month: If you pay the full amount within one month of receiving the CCJ, it will be removed from the Register of Orders, Judgments and Fines and won’t appear on your credit file at all.
If paid after one month: The CCJ will remain on your credit file for six years from the date of judgment, but it will be marked as “satisfied.”
If unpaid: An unpaid CCJ will stay on your credit file for six years from the date of judgment, marked as “unsatisfied.”
It’s important to note that after six years, the CCJ will be automatically removed from your credit file, regardless of whether it has been paid or not.
Key Points to Remember:
Responding promptly to a CCJ can prevent it from affecting your credit file long-term.
CCJs can make it difficult to obtain credit, including mortgages, loans, and even mobile phone contracts.
The Register of Orders, Judgments and Fines is public, and anyone can check it for a small fee.
You will typically be informed of your CCJ as soon as it is issued to you. However, if the court papers are sent to the wrong address, for instance, you may not be aware of it. Therefore, if you’re having difficulty obtaining credit and you’ve missed repayments in the past, check your credit report to make sure that you haven’t got any CCJs on your file.
For more information about CCJs and the impact that they can have on your borrowing if they are not dealt with promptly, please call 0800 074 6757 or email info@companydebt.com for free and confidential advice from one of our professional advisers.
