A\nCCJ (County Court Judgment) can seriously affect your borrowing power. Lenders\nissue a CCJ when they doubt that you will not pay off what you owe. It shows up\non your credit report for six years that means you are barred from accessing\ncredit card deals, loans and even a mobile contract. <\/p>\n\n\n\n
However,\nsome direct lenders provide CCJ\nloans with no guarantor<\/a><\/strong> to assist borrowers when they come across an\nemergency, but this option is available only when you have already settled your\nCCJ. You must remember that these loans cost high interest rates because of\nvery poor credit rating. <\/p>\n\n\n\n Once\na CCJ has been issued against you, it becomes paramount that you quickly settle\nit. Otherwise, you will not get even a loan with very poor credit. A CCJ is\nadded to a public database that can be shown by anyone. You can avoid it to be\nseen only under two conditions: if you settle your account completely within 30\ndays from the date of issuance or if you dispute the CCJ and prove that it was\nissued mistakenly. Here are some steps to get the CCJ off your credit report.<\/p>\n\n\n\n You\ncan dispute a CCJ only when you know that you do not owe the debt and the\nlender has mistakenly issued it against you. You must have genuine legal\ngrounds to prove that you do not owe the money. As soon as you receive court\norders, you must request the court to set it aside by filling out form N244 or writing\na letter. Once you become successful to prove that you do not owe the money, CCJ\nwill be removed from the register of judgments. <\/p>\n\n\n\n Of\ncourse, you will not be able to dispute it if you have fallen behind repayments\nand all methods of recovering money from you have exhausted. You cannot escape\nthe obligation to pay back the entire money you owed from your lender. <\/p>\n\n\n\n You will have a period of 30 days to clear all dues to avoid having a CCJ on your credit report. You must remember that you cannot get it off your report unless next six years if you fail to reimburse the debt within the given timeline \u2013 even one-day late payment cannot help you. However, \u2018satisfied\u2019 will be notified in your report. This will badly affect your credit score. You will eventually fall into a category of borrowers with very poor credit history that means you will get a loan<\/a> with very high interest rates.<\/p>\n\n\n\n You\nwill need to obtain a certificate from the court by paying nominal fees to\nconfirm that you will pay off the debt. As you pay back the debt, the lender\nwill inform credit reference agencies of your payment and they will immediately\nremove it from your credit file.<\/p>\n\n\n\n If\nyou fail to pay off your debt within 30 days from the date of issuance of a\nCCJ, you will have to wait six years from having it removed from your credit\nfile. Once six years pass by, it will disappear without you having to do\nanything. <\/p>\n\n\n\n When\nyou have repaid your debt, the report will show a settled CCJ, but it will be\nstill difficult to have a loan approved. You need to work on building your\ncredit rating. First off, you should register for the electoral roll at your\ncurrent address. Try to minimise the number of applications and avoid using\nyour credit card as much as possible. Have a free copy of your credit file and\nsee all information is accurate and up-to-date. If you think that you cannot\npay off the debt on time, talk to your lender to know other repayment\nalternatives. <\/p>\n","protected":false},"excerpt":{"rendered":" A CCJ (County Court Judgment) can seriously affect your borrowing power. Lenders issue a CCJ when they doubt that you will not pay off what you owe. It shows up…<\/p>\n","protected":false},"author":1,"featured_media":147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6],"class_list":["post-140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loans","tag-ccj-loans-with-no-guarantor","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":2,"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":148,"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/posts\/140\/revisions\/148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/media\/147"}],"wp:attachment":[{"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.safemoneyloan.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Dispute it<\/h2>\n\n\n\n
Pay off the debt within a month<\/h2>\n\n\n\n
Wait until six years pass by<\/h2>\n\n\n\n
How to improve your credit score after a CCJ<\/h2>\n\n\n\n