News
18-4-2007
What is a County Court Judgment?
A County Court Judgment (CCJ) is issued when a creditor wins a County Court Claim saying you owe them money. A CCJ may be issued once a creditor takes someone to court to claim outstanding payments. After the court hearing, the court may issue an order saying an individual must repay the debt. This order is called a CCJ and will either be for the amount agreed between you and your creditor or, if you can't agree, a payment set by the court.
The individual must pay the full amount of the CCJ within one month otherwise the CCJ will be recorded on the Register of County Court Judgments for six years. This impacts on the individuals credit report since organisations such as banks, building societies and loan companies use the registered information that appears on your report when deciding whether to give you credit or loans, including a mortgage.
The person must pay the creditor who made the claim against you, or their solicitor or representative who will accept your payments on their behalf.
You may still be accepted for a Log Book Loan even if you have a CCJ.
Log Book Loans : bad credit loans.
The individual must pay the full amount of the CCJ within one month otherwise the CCJ will be recorded on the Register of County Court Judgments for six years. This impacts on the individuals credit report since organisations such as banks, building societies and loan companies use the registered information that appears on your report when deciding whether to give you credit or loans, including a mortgage.
The person must pay the creditor who made the claim against you, or their solicitor or representative who will accept your payments on their behalf.
You may still be accepted for a Log Book Loan even if you have a CCJ.
Log Book Loans : bad credit loans.