County Court Judgments (CCJ's)

Friday, November 16, 2007

When a person is unable to pay his creditors, a civil case can be brought to the county court in England and Wales or the Sheriff Court in Scotland. The court can make a judgment (decree in Scotland) against the debtor that then remains in force until the debt is paid off.

If a credit search is conducted and you have or had CCJ's, these will show against your profile. If they have been paid off they will show as satisfied on the credit reort.

When applying for a mortgage, the application form always requires details of such judgments and it is a criminal offence to knowingly conceal them from a lender. Many high street lenders will not lend to individuals with CCJ's but if you are applying for a bad credit remortgage, the lender will usually allow for such items of adverse credit in their criteria.

Although County court judgements do not rule out the ability to get a mortgage, they have to be considered within the context of the application as a whole. A person who has been unable or unprepared to meet obligations in the past may be regarded as less reliable in the future.

If you have CCJ's and are looking into the prospect of remortgaging, speak to Solution Mortgages about a bad credit remortgage. You can call 0845 123 1260 or apply on-line at http://www.solution-mortgages.co.uk/