County Court Judgement
Q. What is a County Court Judgement (CCJ)?
A. A county court judgement or a ccj as it is known for short, is a judgement for debt in the county court. Whenever someone fails to pay for something and is subsequently taken to court, the magistrate may issue a County Court Judgement against that individual to pay the outstanding debt. Such judgements are recorded and will be shown when a credit check is run.
The debt does not appear in the credit register if this debt is settled within 30 days of the date of the judgement.
Having an adverse credit record may well affect your ability to raise finances in the future. As a consequence of having an adverse credit record, lenders may charge an increase in interest rates to compensate for the perceived extra risk involved.
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