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Even if you’ve received a County Court Judgement, it is still possible to take out a loan.
Yes, although having a CCJ can make it harder to get a loan, it is still possible to borrow money if you have a County Court Judgement. A CCJ loan is specifically for people who have had a CCJ and are looking to borrow money.
With many people in the UK having bad credit, there are several lenders that can offer loans without guarantors to people with a CCJ.
You may successfully get a loan with a CCJ if you meet criteria:
More commonly known as a bad credit loan, CCJ loans are intended for people with a low credit score due to past missed payments on bills and credit repayments.
Although having a CCJ can make it harder to get a loan, My Financial works with over 25 direct lenders in the UK who are willing to take a view on people with CCJs and bad credit histories.
A guarantor loan allows you to add an extra person you know to your loan agreement, and if they have a good credit rating, you can borrow up to £15,000 even if you have a CCJ.
This is where you will be required to add some valuable collateral to your application – and you risk losing this if you cannot repay your loan. This includes your vehicle (car, bike or van), property (home or flat) or anything valuable such as jewellery, watches or art.
Payday loans are usually subject to credit and affordability checks and most direct payday lenders are looking for a minimum credit score and income before approving an application. So if you have a recent county court judgement, this could make it tricky to get a payday loan with a CCJ.
A County Court Judgement (CCJ) is a type of high court judgement order in England, Wales and Northern Ireland where someone has taken you to court for owing them money and you have failed to respond.
If you have an outstanding payment for a loan, credit card or bill and have not settled it, the lender can choose to take you to court and issue a County Court Judgement.
Upon getting a CCJ, it means the court has ruled against you, and ordered you to repay the money. The notice will arrive in the post and contain information regarding how much you owe, how to pay, and when.
My Financial Broker accepts over 2,000 loan applications every day and this includes people with adverse credit histories and CCJs. We have over 25 years of experience of working in the loans and finance industry and have developed a strong relationship with some of the most reputable lenders who can assist with all kinds of credit histories.
If you apply for loans with a CCJ, you can have peace of mind knowing that applying with My Financial Broker will not affect your credit rating and there are no fees for applying. We will always keep your details safe and secure and not pass on your information to any other companies without your permission. When you apply, we will match your details and requirements to our panel of lenders. To get started, simply click on apply.
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