A County Court Judgment or CCJ are court judgments for money. They are registered with the Register of County Court Judgments and do effect a persons credit.
A CCJ can be handled quite easily by simply paying it off, however, if you can not afford that then you may end up with a mark upon your credit, or worse, having a lean on your property.
A CCJ loan is a loan offered by a lender despite a CCJ. Ideally, a person should pay off their CCJ as soon as possible to get it marked satisfied in the register, but if that is not possible a person can still find lending sources willing to extend a CCJ loan.
A County Court Judgment loan is just like any other bad credit loan. The lender is taking a risk because you have been proven, and in this case, in a court, that you do not pay your debts as agreed upon.
This means the lender is going to retaliate by charging higher interest and fees. A CCJ loan is going to be costly.
There are quite a few lenders who will extend a loan to people with a County Court Judgment. If a person is a homeowner they will have more of a chance of securing a County Court Judgment loan. This is because they can use their home...
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