Having a County Court Judgement (CCJ)– can definitely make getting finance more difficult, but it doesn’t mean that you’ll never be able to get the funds for the things you need.
With our expert knowledge and our access to specialist lenders, we can find loans that others can’t and help you take the first steps in repairing your credit profile, allowing you to focus on the future.
Ways to contact us
A county court judgement (CCJ) is something a creditor can raise against you, if they think you won’t pay your outstanding debts. If the court agrees, they’ll issue the judgement. Upon issuing the information, you can either:
- Pay back the outstanding amount straight-away
- Negotiate instalments or a settlement at a later date
- Dispute the amount, if you think the claim is incorrect
- Claim against the creditor, if you think they owe you money
We work with specialist lenders who understand that these things can happen and have products that can match most credit profiles – CCJs included.
Lenders will almost always want you to pay off outstanding CCJs. This can be a good thing – it gets rid of the debt and any worries that come with it and paying it off can be the first step towards repairing your credit profile.
Generally speaking, the interest rate is based on your individual circumstances. Our expert advisors can talk you through your options and give you the right advice.
Representative example: If you borrow £26,000 over 10 years, initially on a fixed rate at 5.05% and for the remaining 5 years on the lenders standard variable rate of 4.65%, you will make 60 monthly payments of £310.37 and 60 monthly payments of £307.37. The total amount of credit is £29,195; the total repayable would be £37,245 (this includes a lender fee of £595 and a broker fee of £2600). The overall cost for comparison is 7.90% APRC.