Thread: CL finance - Howard Cohen CCJ £1 per month

After a very bad 9 months:-

1. Mother in her seventies had a double heart by pass - complicated by her weight and the size of the restrictions.
2. Father in law passed away after two treated doses of cancer and finally a tumor on the brain.
3. Business going to pot because of the *recession*

I ended up with a CCJ on a debt of £4.5K with repayments of £125 PM.

Following he information provided by CAG I submitted a S245, my outgoings are far in excess of my income even when you only take priority debts into account thats another story.....

To my amazement they accepted my offer of only £1 per month.

Obviously it is not my intention to keep the payments at this level but at present that is all we can etc etc.

Oh and the DN is likely to be valid as they allowed more than the 14 clear days plus delivery time.

I have a lot of other creditors chasing me and a far more serious CCJ.
(I will be doing a separate post on that.)


Should I be worried about this?
If I was to pay them say £72 pounds would that keep them off my back for six years?
What happens with a CCJ after 6 years?

Any thoughts would be welcome and yes I am about to start a CCA, POC and the other one.

Hi, you are in a position of strength. The CCJ is now your agreement, as long as you maintain the payments of £1, there is nothing they can do.
DO NOT OFFER TO PAY MORE. If you admit you can afford more, they could apply to the courts for a redermination, and ask for more money.
You credit score is now poor. But until you resolve these other debts,you should set up a direct debit & put it to one side.
The CCJ will remain on your credit file for 6 years. But consider this, the £1 you pay each month will not even cover the cost of managing this account. When you are ready,& can afford it, make a full & final offer (@10%) see what happens.
Sort out your other debts for now.
Good Luck
Debs

What happens with a CCJ after 6 years

Although the CCJ still exists, and you have to maintain payments. The CCJ will completely disappear off your credit file. Most credit & mortgage applications ask if you have recieved a CCJ in the past 3 years. After 6 years, you answer NO.

Thanks for that.

To have done one what I had said would have meant that a priority debt would not have had that money this month - I would have been able to bear that pain - but as you say I would be actually shooting myself in the foot!

10% are you serious????

Not sure what you mean when you say: -
... CCJ in the past 3 years. After 6 years, you answer NO
???