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After six years, your CCJ will be removed from your credit report, so lenders won't be able to see it when they're deciding whether or not to lend you money. When the CCJ is removed, your credit score should go up too ? making you an all-round stronger applicant for future finance.
Your credit score should increase considerably once your CCJ is removed from your credit record. However, it is hard to be specific as credit scores are always dependent on a number of factors. On average, our clients' scores increase by 200 points.
If you pay the debt in full within 1 month of the date of the CCJ, you can apply to the court have your entry in the Register removed. You'll need to get a certificate from the court to prove you've paid off the debt.
There are two options available to you: You can set up a CCJ payment plan to pay it at a more affordable rate: and you can apply to change the payment terms if you're still struggling to keep up with payments. You can apply to have the CCJ cancelled or 'set aside': if you think it should not have happened.
What happens if I ignore a CCJ? Ignoring a County Court judgment (CCJ) can cause problems. It goes on your credit file for six years from the date it was issued, and further action can be taken for the debt if you do not pay it. There are instructions in the claims pack, including the N9a form you use to respond.