County court judgment
Encyclopedia
In England and Wales
(Scotland
has its own legal system), County Court Judgments (CCJs) are legal decisions handed down by County Court
s. Judgments for monetary sums are entered on the Register of County Court Judgments, which is checked by credit reference agencies to assess the credit-worthiness of individuals.
If the debtor continues to default on a CCJ, the creditor may apply for a charging order, which would secure the debt on a property. Creditors can also apply for an attachment of earnings which would oblige the debtor's employer to deduct monies from their salary and send them to the court. A Third Party Debt order would oblige a third party who holds money belonging to the debtor (for example a bank) to pay the debt. It is also possible to have the court appoint a County Court Bailiff
to collect the debt. A Bailiff is an official of court and has the power to seize goods and sell them at auction to settle a debt.
A County Court Judgment will have a very negative impact on your credit rating and make it near impossible for you to gain any form of regular credit or finance for at least six years. The only forms of credit and finance that you can expect to be accepted for would be those credit facilities designed for the sub-prime credit sector. These include things like Payday Loans.
After a CCJ has been registered against you it will then be recorded on your credit file. If you pay the full amount owed under the CCJ within 28 days of it being registered on your credit file then you can apply to have the CCJ removed from your credit file.
If you pay the full amount owed under the CCJ anytime after the first 28 days of the CCJ be registered against you then the CCJ will still remain on your credit file but it will be marked as 'Satisfied'. A CCJ which has been marked as 'satisfied' is not as bad as a CCJ which remains unpaid but it will still impact on your credit file in a negative way.
If you make regular payments to repay the amount owed under the CCJ then this will be recorded on your credit file and will go some to way to lessen the negative impact that a CCJ has on your credit rating.
England and Wales
England and Wales is a jurisdiction within the United Kingdom. It consists of England and Wales, two of the four countries of the United Kingdom...
(Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
has its own legal system), County Court Judgments (CCJs) are legal decisions handed down by County Court
County Court
A county court is a court based in or with a jurisdiction covering one or more counties, which are administrative divisions within a country, not to be confused with the medieval system of county courts held by the High Sheriff of each county.-England and Wales:County Court matters can be lodged...
s. Judgments for monetary sums are entered on the Register of County Court Judgments, which is checked by credit reference agencies to assess the credit-worthiness of individuals.
If the debtor continues to default on a CCJ, the creditor may apply for a charging order, which would secure the debt on a property. Creditors can also apply for an attachment of earnings which would oblige the debtor's employer to deduct monies from their salary and send them to the court. A Third Party Debt order would oblige a third party who holds money belonging to the debtor (for example a bank) to pay the debt. It is also possible to have the court appoint a County Court Bailiff
County Court Bailiff
County Court Bailiffs are employees of Her Majesty's Courts Service and are responsible for enforcing orders of County Courts by recovering money owed under County Court Judgments. They can seize and sell goods to recover the amount of the debt...
to collect the debt. A Bailiff is an official of court and has the power to seize goods and sell them at auction to settle a debt.
A County Court Judgment will have a very negative impact on your credit rating and make it near impossible for you to gain any form of regular credit or finance for at least six years. The only forms of credit and finance that you can expect to be accepted for would be those credit facilities designed for the sub-prime credit sector. These include things like Payday Loans.
After a CCJ has been registered against you it will then be recorded on your credit file. If you pay the full amount owed under the CCJ within 28 days of it being registered on your credit file then you can apply to have the CCJ removed from your credit file.
If you pay the full amount owed under the CCJ anytime after the first 28 days of the CCJ be registered against you then the CCJ will still remain on your credit file but it will be marked as 'Satisfied'. A CCJ which has been marked as 'satisfied' is not as bad as a CCJ which remains unpaid but it will still impact on your credit file in a negative way.
If you make regular payments to repay the amount owed under the CCJ then this will be recorded on your credit file and will go some to way to lessen the negative impact that a CCJ has on your credit rating.