Credit: CCJ - certificate of satisfaction

I have a CCJ from about two years ago which I paid off in installments. I have copies of my credit report from the three agencies which show this. These credit reports also state that I should obtain a certificate of satisfaction from the court, and send this to the agency, which they will mark against the CCJ entry.

I have obtained a letter from the debtor confirming that the debt has been paid in full, and I need to send this to the court together with £10 for them to issue a certificate of satifaction.

However, will this be a waste of time/money? Basically i'm trying to improve my credit rating, but do companies see that the CCJ has had a certificate of satisfaction and take this into account, or do they just see a CCJ regardless of whether it has been paid or not? In other words, will obtaining a certificate of satifaction improve my credit rating at all?

Many thanks,

Paul

Reply to
deejaypaulr
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Good point.

Though it will show the debt as discharged, and this will no doubt count in your favour to *some* extent, of far more interest to potential lenders is the fact that you fell into arrears in the first place, which will put them off. Granted, it will put them off more if the judgement is still not satisfied, but before they read that far, they've already had their first impression.

Reply to
Ronald Raygun

Well that's my question really, do potential lenders actually look into whether a judgement is satisfied (or do they even get that information when they do a credit check), or do they only see that there is a CCJ there?

Reply to
Paul R

I don't know. I'm just saying that *even if* they see it, once they've seen the CCJ at all, you're as good as done for. If that is so, your question becomes almost pointless.

Reply to
Ronald Raygun

Hmmm, you are right there...so in effect it's a waste of time updating my credit file then?

Reply to
Paul R

I would disagree. I had a default (I know, not as bad as a CCJ) that showed on my credit file when applying for a mortgage with a major lender. I sent a letter with the mortgage application explaining what had happened, and they accepted it and gave me a mortgage at their most preferable rate.

There's not much effort in updating your file, and the 10 charge could well be swallowed up if a lender decides to offer you a better rate because they see you've satisfied the CCJ.

Just my tuppence worth.

Reply to
getbent

"-=D@n=-" wrote

Just a thought - under the DPA, don't the credit reference agencies **have to** correct a file if it is incorrect, for *free*?

So OP might be able to get away without paying the 10 fee - he simply tells the CRAs that the CCJ *is* satisfied, and that their file holds **incorrect data** - they'll then need to either show that it is *not* incorrect, or correct it. If it *is* satisfied (as the OP knows it is), then they won't be able to show that the data isn't incorrect, will they?! ... So they'll then need to update it - for *free*!!

Reply to
Tim

The data wouldnt be incorrect. It will show a county court judgement. That is a matter of fact and is correct even if it has been subsequently satisfied.

Reply to
john boyle

Reply to
Paul R

john boyle wrote:

It would be > It will show a county court judgement.

True, but the credit file *also* has a field for "date satisfied". If that field is blank - as it would be - then this indicates to any reader that it

*hasn't* been satisfied. That's blatantly incorrect.
Reply to
Tim

Hi,

About 8 years ago, I got into a whole pile of debt Aprrox £45000, I had 3 CCj's associated with this debt and paid off 2 off them and lest the third due to not being able to deal with the Abbey's un helpful style.

The bottom line is this,

I would not have paid any of them off at all, it makes no difference to your credit rating, the only thing you can do is wait 6 years until they drop off your credit file whether paid up or not.

Reply to
petec77

Is that the only relevant issue ?

Reply to
Fergus O'Rourke

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