County Court Judgements - What Are They?

County - County Court Judgements - What Are They?

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A County Count Judgement is a decision made by the court regarding a debt that is owed.  Because payments haven't been made on the debt, as per the reputation agreement, the lender will take the borrower to court in order to get the money owed to them.

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A Ccj is ordinarily the last formula used by a lender to retrieve money owed to them.  If you ignore phone calls or letters or cancel direct debits this looks to the lender that you are development no effort to pay back what you owe.

The claimant, (the lender) will apply to the court for a claim form, which will give the details of the debt.  The court must then stamp the form, and you will be sent a response pack, which you must fill in.  You must never ignore court paperwork, or you could find yourself in even more trouble.  If you agree that you owe the money, you'll need to fill in the relevant forms and send them back to the court.

The lender will recommend you how to make your payments, and who you need to pay.  You might pay a solicitor, a debt collection agency, or the creditor themselves.

If you can't pay the County Court Judgement, there is a form available from the court which you can fill in and have the judgement set aside.  Your finances will need to be re-evaluated, and you will receive a hearing date, so you'll need to go to court to discuss your situation.

Failing to continue to pay the Ccj can lead to bailiffs being instructed to seize your property, or the money being taken directly from your wages.

All of your unsecured debts, fluctuating from reputation cards and store cards to car finance and consolidation loans could lead to you getting a Ccj if you don't keep development the agreed payments. 

For businesses, the effects of County Court Judgements are equally as bad.  perhaps you haven't paid your taxes on time, and so have tax arrears which you haven't paid. You might have not paid a supplier, who is now using a court judgement to get the money that's owed to them.  Your company may not be able to get reputation with new suppliers, or additional funding from banks or other providers.

Having a County Court Judgement will mean that your way to credit, such as loans, reputation cards and mortgages will be very restricted.  You will also be paying a much higher rate of interest as lenders will see you as a bigger risk.

No matter how bad you think your financial situation is, there is help available, and you can all the time speak to your creditors to see if you can sort out an amended payment scheme.  If you have received a court letter, then it is imperative that you deal with it straight away.  Act immediately and getting a County Court Judgement will be one less thing to worry about.

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