CCJs or County Court Judgments

Posted by Kevin Pearce in Personal Finance on 31 October 2016 - Kevin is a Senior Credit Analyst at checkmyfile

It’s no secret that the levels of unpaid debts in the UK have been rising over the last few years, as household incomes stagnate and everything else in this world seemingly becomes more expensive.

A creditor will obviously want their money back and if the monthly payments are not forthcoming and arrears are mounting, they will send reminders, default notices and threats of legal action.

County Court Judgments (CCJs) are a way for creditors to reclaim debts owed to them by debtors, using the legal system as a last-ditch option once all other attempts of collection have failed.

The creditor will need to prove the steps they have taken to reclaim the debt and prove beyond doubt that the debt is actually owed by the individual the proceedings have been started against.

There are two types of judgement that may be applied if the claim is successful: a standard County Court Judgment, whereby both sides of the case are assessed, and a default judgment, where the court only hears the side of the creditor.

A CCJ claim form will be issued when a CCJ is lodged against you, which must be completed and returned within 14 days to avoid the default judgment scenario. The exception to this is if you pay the debt in full (plus fees) immediately, which would mean no court hearing is required and no CCJ would be lodged.

Other options are to:

Delay payment to an agreed date or pay in instalments

Dispute the amount owed

Dispute that you owe anything

Counterclaim against creditor

All of these will result in a CCJ being lodged against you unless you can prove that the creditor is unjustified in pursuing the debt.

If you pay the judgment in full within a month of the initial judgment date, the CCJ will be removed from the Register of Judgments and will also be removed from your credit report. Unfortunately, if a CCJ is successfully lodged and you do not pay on time, your credit file will be impacted for the next 6 years, making it difficult to obtain credit or at the very least restricting the options available to you and the interest rates you will be eligible for.

Check Your Multi-Agency Credit Report

30 Day Free Trial

The Advantages & Disadvantages of Store Cards

There are a number of reasons you might take out a store card: whether you’re just waiting in-line at the shop and find out you can save on today’s shopping or they offer the promise of making money in the future, these cards regularly find their way into wallets (or phones via an app). Most big retailers offer their own cards, which allow you to take your purchases home – often with a nice discount applied – without having to part with a penny at the till.

Published on 10 Jul 2018 by Tom Blandford

Full Article

What Happens To Your Credit Report When You Move Country?

Moving from one country to another results in a lot of changes and new things – a new place and culture, new job, new people and in some cases even a new language. However, one thing lots of people do not realise is that you will also be starting afresh when it comes to your Credit Report. Credit Reports and the information they contain are country-specific and do not follow you from one country to another.

Published on 27 Jun 2018 by Kirstie Day

Full Article

What To Do If You’re a Victim of Data Breach

Another day, another high-profile data breach, with the morning news bringing word of another leak of personal information that affects millions of consumers. This time it’s the turn of Dixons Carphone - the company behind PC World, Currys and Carphone Warehouse.

Published on 14 Jun 2018 by Jamie Mackenzie Smith

Full Article

What Does Bongo Know About You?

“What does Bongo know about you?” A slightly off-the-wall question I’ll grant you, but one that you might have been asked at some point in time.

Published on 7 Jun 2018 by Richard Catlin

Full Article

Why Don’t Millennials Take Out Credit?

As a millennial, it can feel like my generation is besieged with criticisms on a daily basis, and not all of them are entirely fair (though lots are). We are frequently told that as a generation we are entitled, we have it so much easier than our elders and arguably, worst of all: we buy too many avocados. While I don’t buy avocados, I do have access to credit, which makes me a minority among my age group.

Published on 16 May 2018 by Beth Jennings

Full Article

Why Is My Loan Balance Wrong On My Credit Report?

One of the single most important pieces of information to appear on your credit file is the information relating to your credit agreements and how you repay them - with this information lenders can see your borrowing history across the last six years and use it to help them decide whether or not to offer you finance.

Published on 7 May 2018 by George Coburn

Full Article

How long do closed accounts appear on my credit report?

Some people believe that as soon as a credit agreement is settled and closed, it will no longer be reported to the UK’s Credit Reference Agencies and therefore will no longer have an influence on future credit applications. However, this is a popular misconception, one that could affect your ability to get credit if not correctly understood.

Published on 2 May 2018 by Tom Magor

Full Article

How to Save Big in the Bank Holiday Sales

Bank holidays may not guarantee a day of sun-soaked fun, but as is British tradition, we’d probably be quite happy barbecuing in the snow if it came to it. But no matter what your plans are, if you want to grab a bargain, you can use the Bank Holiday sales to save some serious money.

Published on 26 Apr 2018 by Kiah Phillips

Full Article

Should I Buy or Finance an Aston Martin Valkyrie?

We’ve all been there. £3 million burning a hole in your pocket and a track-going version of Aston Martin’s latest hypercar sat in front of you. But as a shrewd, savvy business-type, you know that dropping £3m in one go on a 1,100bhp car could be considered a questionable, perhaps even ‘baller’ move. But what about putting it on finance?

Published on 13 Apr 2018 by Jamie Mackenzie Smith

Full Article

How to Build Credit History Without a Credit Card

When it comes to the best way to build up a credit history, conventional wisdom is to take out a credit card and use it for everyday purchases, while paying it off (on time) at the end of every month. There’s plenty to support this advice too, as a credit card allows you to spend as much or as little as your limit will allow, while building a history in a reasonably short amount of time.

Published on 26 Mar 2018 by Jamie Mackenzie Smith

Full Article
keyboard_arrow_left

keyboard_arrow_right

We have loads of great customer reviews