County Court Judgements (CCJs) – Do you have a CCJ on your credit file?
Do you know what a County Court Judgement is and how it affects you?
Understanding County Court Judgments (CCJs) is easier than you think!
CCJ or County Court Judgment is reported against you if a creditor has not received money which is owed. This is issued if the court is in agreement with the creditor, which will then follow with a letter confirming the CCJ and repayment methods. Such as:
Settle the amount in full
Request to pay later or instalments
Dispute the claim or amount owed (if you think the creditor’s claim is incorrect)
Claim against the creditor (if you think the creditor owes you money, e.g., for breaching a contract)
How long does a County Court Judgments (CCJ) show on my credit report?
A CCJ will stay on your credit report for six years, even after you have paid off the amount. This can cause difficulties when trying to obtain credit.
At Glenside Finance we understand that people with CCJs may still need to borrow to purchase a vehicle which is affordable for them.
At Glenside, your approval for motor finance is principally based on your credit history. Once approved, we will look at your income and affordability which will give you a budget so you can find a vehicle you like with confidence that finance is in place.
Glenside has decades of experience in providing car finance for individuals who have bad credit, whether it is due to a historic CCJ or IVA.
If you are unsure if you are eligible or would like to discuss your options before applying, please contact us via our website chat or call us on 01942 466 035 option 2 for New Business.
We look forward to hearing from you!