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Hello, I’m Jim, a dual-qualified lawyer (UK & Republic of Ireland) and happy to help you today.
Would you like me to outline the ways of how to repair a credit rating? Do you have any existing debts?
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Thanks, ***** ***** will come off your credit record after 6 years, so in March 2021 and September 2022, May 2023 (there are three CCJ's).
If these are all paid off now, the credit records are marked as "satisfied", so the rating will improve slightly. After May 2023 they all disappear off the credit registers. There are a couple of defaults too - which also stay on the credit registers for 6 years.
If any of the CCJ's were made without your knowledge you could apply to set them aside and they then come off - but it costs £255 for the court fee and there needs to be a good reason to set them aside.
In terms of improving your credit profile generally, get on the electoral roll at your property. Ensure payments are up to date (for direct debits), pay off any credit cards either in full or as much as possible, consolidate debts in to one if you can (the more credit facilities you have the worse your profile).
http://www.stepchange.org can also speak to your creditors to agree a repayment plan if you are struggling
Does this help? If I have answered the question would you kindly leave me a 5 star rating (at the top of your screen), any follow up questions are welcomed.
It can yes as normally the loan amount paid per month is reduced, which means a default and longer to pay it off.
The defaults? Yes they come off the registers after 6 years whether you pay them or not
Same, 6 years
Can I clarify anything else for you or if you have any other questions?.
It's improves your score if you do that. The lenders will see the "satisfied" markers so all I can say is that your chances will be improved. Some lenders still lend to people with CCJ's