It is becoming more common for individuals to have CCJs registered against them without their knowledge. The number of times we move homes has steadily increased over the years and now almost 500,000 people move every year. This can mean that the paperwork relating to a CCJ is sent to a previous address that needs to be updated, one of the most common issues we deal with are Parking Tickets and often people move and forget to update their vehicle’s V5 Logbook.
In many cases that means that CCJs are registered against individuals without them having any knowledge of the legal process beginning, or a Court Judgment being made against them. Most people will take action when they realise that a legal claim has been made and that there is a potential for a CCJ to be registered against them, however, if the CCJ paperwork has been sent to an old or incorrect address there is no opportunity to take control of the situation, and this is where we can help you.
The impact of having a CCJ registered on your credit file is significant. It can limit your ability to raise credit, such as mortgages, car loans or credit cards. It is not uncommon for people to only find out that they have a CCJ registered against them when they are going through the process of mortgaging, need to secure new rental accommodation or are looking to take out a new car lease.
This can impact an individual’s life choices as suddenly the plans to move house are stopped in their tracks because of a CCJ. It is also becoming more common for people to be vetted for new positions, especially when working in Financial Services.
Removing a CCJ from your credit file is important because it will remove any financial restrictions that may occur because of it. For some individuals that means that immediate plans can proceed, such as buying a home, whilst for others it means that significant financial events in the future are more possible than when a CCJ is on your credit file, and it will once again open up the best deals available on the market.
