Credit: CCJ - certificate of satisfaction
I have a CCJ from about two years ago which I paid off in installments.
I have copies of my credit report from the three agencies which show
this. These credit reports also state that I should obtain a
certificate of satisfaction from the court, and send this to the
agency, which they will mark against the CCJ entry.
I have obtained a letter from the debtor confirming that the debt has
been paid in full, and I need to send this to the court together with
£10 for them to issue a certificate of satifaction.
However, will this be a waste of time/money? Basically i'm trying to
improve my credit rating, but do companies see that the CCJ has had a
certificate of satisfaction and take this into account, or do they just
see a CCJ regardless of whether it has been paid or not? In other
words, will obtaining a certificate of satifaction improve my credit
rating at all?
-Though it will show the debt as discharged, and this will no doubt count
in your favour to *some* extent, of far more interest to potential lenders
is the fact that you fell into arrears in the first place, which will put
them off. Granted, it wil