How a Satisfied CCJ Affects Your Credit Score for the Future
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
Are you feeling worried because you have a County Court Judgement (CCJ)? You’re not alone. Every month, over 12,000 people visit our site for advice on topics like this one.
We understand it can be stressful, especially when you’re not sure how it will affect your credit score in the future. Don’t worry; in this article, we’ll cover:
- What a CCJ is, and if you must pay it
- How a satisfied CCJ impacts your credit score
- Ways to lower your repayments
- How to remove a satisfied CCJ from your credit report
- How long a satisfied CCJ stays on your record
We know how tough it can be to deal with debt; some of our team have had CCJs themselves.
So, don’t worry. We’re here to help you learn more about how a satisfied CCJ could affect your credit score and what you can do about it. Let’s get started.
Is a satisfied CCJ classed as outstanding?
A satisfied CCJ is when the debt has been fully repaid, as per the judge’s order.
A CCJ can only be satisfied or unsatisfied. There is no current reporting for partially repaid CCJs mid-way through the repayment period.
However, you can avoid having the CCJ recorded completely if you pay the debt in full within one calendar month of the CCJ being issued by the court.
What happens when a CCJ is satisfied?
Once a CCJ has been satisfied you no longer have to make any debt repayments regarding the specific CCJ debt. You’ll still need to pay your other debts.
How a debt solution could help
Some debt solutions can:
- Stop nasty calls from creditors
- Freeze interest and charges
- Reduce your monthly
A few debt solutions can even result in writing off some of your debt.
Here’s an example:
Situation
| Monthly income | £2,504 |
| Monthly expenses | £2,345 |
| Total debt | £32,049 |
Monthly debt repayments
| Before | £587 |
| After | £158 |
£429 reduction in monthly payments
If you want to learn what debt solutions are available to you, click the button below to get started.
Will a satisfied CCJ affect a credit score?
I’ve spoken with several people who have cleared their CCJ debt recently, and one of the big questions they asked me was if I knew how their satisfied CCJ would affect their credit score.
It also appears a common question on online forums, just like this:
Source: https://forums.moneysavingexpert.com/discussion/comment/36125377#Comment_36125377
A satisfied CCJ shows prospective lenders that you’ve repaid debt in full. It will positively affect your credit score.
The CCJ will become marked as satisfied on the Register for Judgments, Orders and Fines. It will also show as satisfied on your credit report.
How does a satisfied CCJ affect your credit score?
A satisfied CCJ will improve your credit rating over time. But it can still be difficult to get approved for credit if it’s still visible on the credit report, especially if the CCJ and CCJ satisfaction were only added recently.
The fact that you had to be taken to court to repay a debt will put some lenders off giving you credit. However, the length of time that has passed since the CCJ – as well as the length of time the CCJ has been satisfied – will impact lender decisions. If you want to credit with more favourable repayment terms, it’s best to wait as long as possible.
The good news is there are still plenty of lenders out there that will lend to people with a satisfied CCJ. There are even bad credit lenders who will sometimes lend to people with an unsatisfied CCJ.
In summary, a CCJ decreases your credit rating faster than your credit rating increases when the CCJ is satisfied.
Thousands have already tackled their debt
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How do I remove a satisfied CCJ from my credit report?
You cannot remove a satisfied CCJ from your credit report. The CCJ will remain marked as satisfied until it is automatically deleted from the report.
At this point, you’ll have an even better chance of getting approved for further credit going forward as lenders won’t even know about the CCJ.
The only way to get a CCJ removed from your report any earlier would be to pay off the debt in full within one month of being issued the CCJ.
How long does a satisfied CCJ stay on your record?
All CCJs remain on your credit report for six years from the date the CCJ is issued. This is irrespective of whether the CCJ has been satisfied.
For example, if you satisfy the full repayment of the CCJ debt within one year, it will still stay on your credit file for six years.
Avoid further CCJs with debt support
If you need additional help dealing with a CCJ or the threat of court action due to a debt, it’s best to get personalised advice from StepChange or a similar debt charity. You can also learn ways to get out of debt and possibly write off debt on my Debt Help page.
