Having a County Court Judgement or CCJ issued against you will have a severe impact on your credit rating, as it signifies that you have had serious problems paying back a loan or other form of credit, to the extent where your creditor has had to take court action against you to try and recover the debt.
If you get into arrears and fail to come to a repayment agreement, your creditor may decide that pursuing a CCJ is the only option. The first you’ll hear about it is when you receive a ‘Claim Form’ through the post, sent to you by the county court. This form will set out the details of the claim, including who the creditor is and how much they say you owe them.
If you were unaware of the debt, for instance if you’d moved house and lost contact with the creditor, then repaying the full debt now will stop proceedings going any further. If however you can’t clear the debt, then you should fill out an ‘Admissions Form’ which will also have been sent to you.
This form asks for information about your income and expenses, which the court will take into account when hearing your case. The Admissions Form should be returned...
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