If you have ever had a CCJ, or County Court Judgment, filed against you, you are quite aware of the problems it can cause regarding your credit rating.
Obviously, you want to avoid this at all costs, but if one is already there, how can you deal with it? Is it possible to have it removed?
Do you have any recourse?
Once the judgment has been handed down, unfortunately, it will remain on your credit report.
Your credit report will take a significant hit and it will likely impair your ability to get any kind of credit in the near future.
If you want to try to save your credit at all, it is imperative that you immediately reach out to the creditor and make some type of payment plan that will enable you to satisfy this debt.
If you make payment arrangements, this will be noted on the file and show creditors that an effort is being made to pay it off.
When applying for a bank loan, it will give you something to stand on regarding this judgment as you may be able to explain the situation.
However, when applying for something on the Internet where everything is automated, it will provide little solace to the programming in regard to your ability to pay off debts.
When the debt has been paid in full, the status of the CCJ will be changed to ‘satisfied’. This will at least show future creditors that even though this particular debt was initially defaulted, you did eventually make good on it.
It will not remove the action from your credit report, but assuming you continue to keep a spotless credit report from that point forward, creditors will have a little more faith in the fact that you did pay off the debt.
