Even a CCJ (called a Decree in Scotland) does not limit a person from being able to get a remortgage on their home. In some instances, it could even be the motivating factor behind the remortgage.

The equity in the home could serve as a motivation for lenders to lend the money. The type of loan could also answer other problems such as debt consolidation. This type of remortgage is often used as a debt management technique .

A CCJ remortgage could be a way to remove the judgment from a credit file or at very least have it marked as satisfied. Normally, a CCJ will remain in a credit file for six years from the time of judgment this is to let other potential creditors that court action has been required in the past to get payment.

The exceptions to the 6 year rule:

1. If a person doesn't meet the terms of the original CCJ then it can be extended.

2. If a person pays satisfies the CCJ within 28 days of the judgment then it will be removed from the credit file immediately.

In order to be able to use a CCJ remortgage to satisfy the judgment in the 28 days, a person will have to move fast. It is important to find a company such as Credit Repair UK  that can work under these terms, and that is interested in helping the consumer find the best answer for his situation.

Even a CCJ remortgage will not help if the person does not change the habits that led to the judgment in the first place. It is important that payments be kept up and consistently so, in order to keep future CCJ's from becoming a part of the credit file. Without this change, it is likely that the next judgment against the person will be far worse than the CCJ that was faced in the beginning.

The individual must always take responsibility for their actions and ensure that old habits are broken.

 

Source: http://www.creditrepairuk.co.uk