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Effects of settled CCJ's?


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Hi, not sure if this is in the right place, but hope so.

 

I was wondering what impact a settled CCJ can have on ones credit file?

 

Does the fact its settled make any difference, or negligable difference on the credit file?

 

More important, do banks and finance houses look at settled CCJ's more favourable? or do they not care?

 

Thanks

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How old is the CCJ after 6 years it will drop off your credit file. It will show as settled and whether that will effect your applications for credit will depend on the way each creditor scores your application.

I have no legal training, any knowledge I have has come from this forum, and my own experiences. Always balance up any advice you get with your own common sense.

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Its months old, so not going to drop of for some time.

 

In short, i want to know weather there is any, or much benefit to paying up and getting the CCJ settled, or am i just as well off to strench the repayments over the term.

 

Just wondered if a settled CCJ is viewed a little more favourably by the banks and finance houses, or CRA's.

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