Received or expecting\na CCJ? Don\u2019t be scared. You can manage it alone. But if you don\u2019t handle it\nprudently, then it can strike your financial life very hard. <\/p>\n\n\n\n
A county court\njudgment (CCJ) can place a big barrier to obtaining credit as it takes a toll\non your credit ratings. However, this is not always the case.<\/p>\n\n\n\n
There are specific financing options open for you even after having a CCJ in your name. The most popular are loans\u00a0<\/strong>for CCJs and bad credit from direct lenders with no guarantor.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n\n\n\n This read will educate\nyou on what it actually is and what all your financing options are after\nreceiving it. <\/p>\n\n\n\n A CCJ or County Court\njudgement is a verdict issued by the court when an individual fails to repay\nthe borrowed money to the lender or company. This is an action your creditor\ntakes after you default on the repayments of the money you owe, considering you\na bad debtor.<\/p>\n\n\n\n Receiving a CCJ is not\nsomething that is done without you knowing it. Before issuing it in your name,\nyour creditor must have sent colossal warning letters and offered you a\nsettlement outside the court. When you don\u2019t respond to any of these, then CCJ\nis finally lodged on your name.<\/p>\n\n\n\n CCJ order affects your\nfinancial being. It impairs your credit score, or the court issues orders to\ncollect the owed money in different methods. This not only causes grave problems,\nbut the whole process gets humiliating for you and your family.<\/p>\n\n\n\n The significant impact\nof CCJ is on your financing sources. Using credit options like credit cards,\nloans, and mortgage gets tricky after receiving it in your name. Additionally,\nif you fail to repay the total amount within a month, then this defaulting\nrecord is placed in your financial record for 6 years.<\/p>\n\n\n\n If you have received a\ncounty court judgement, consider never ignoring it. If you disregard it, then\nyou will be dragged to court. The letter which you receive as a warning\ncontains all the details and course of action to take place if you ignore it.<\/p>\n\n\n\n Once you agree that\nyou have a pending payment to make to your creditor, then you should repay it\nin full, but if you can\u2019t afford to do it, then talk to your lender that you\nwill do it soon.<\/p>\n\n\n\n Also, if the amount\nmentioned in the claim is more than you actually owe, then you can always\ndispute the statement. But whatever option you choose, always be responsive.<\/p>\n\n\n\n Receiving a CCJ\ndoesn\u2019t mean that there is a dead-end to your financing option. There are\nnumerous ways to get credit, as follows.<\/p>\n\n\n\n Direct\nlending<\/p>\n\n\n\nWhat is CCJ, and what\ndoes it mean if you have it?<\/strong><\/h2>\n\n\n\n
What should be done\nafter receiving a CCJ?<\/strong><\/h2>\n\n\n\n
What are the credit\noptions after receiving a CCJ? <\/strong><\/h3>\n\n\n\n