Loans If You Have A CCJ
CCJ loans are there for people who have a county court judgement against them. Cockle Finance offer many different loan types and our CCJ loans are perfect for anyone who has a CCJ and needs a loan.
How to get a CCJ Loan
Typically, a CCJ will be handed down to someone in the county court when it is acting in the capacity of a small claims court. The judge will make what is known as a money order, which will then specify how quickly such a debt must be paid off and what level of instalment must be met to prevent being in breach of the order.
The problem that many people with a CCJ will face is that it can make it more difficult to access credit. This is often because a CCJ will usually mean that their credit score drops. Therefore, many high street lenders will consider them to be too high a risk to lend to. This is true for people who have paid off their debt through a CCJ – or are shortly to do so. Many people with a county court judgement against them find that getting a loan can be almost impossible.
Get a CCJ Loan With a Direct Lender
As a direct lender, we can help people with outstanding and spent CCJs. Over the years, Cockle Finance have helped countless people who have poor credit histories for all sorts of reasons, including having one or more CCJ against them. We will assess your request for credit and work out a repayment schedule that is affordable given your current financial circumstances. We can act as a broker and find a suitable lender on your behalf or, alternatively, we will finance your loan for you ourselves. Either way, we operate as specialists in the field of CCJ-friendly loans and can bring our expertise to bear so that you obtain a source of finance that meets your needs in full.
Why Choose Cockle Finance For a CCJ Loan?
You can call or apply for a ccj loan online with us directly. At Cockle Finance, we can provide you with pay weekly loan arrangements, offer short-term or cash loans or we can even arrange for a doorstep loan whereby we will collect your repayments from you in person each week. In short, whatever your borrowing needs might be while you service a CCJ, we will have a suitable way forward that allows you to borrow the sum you need.
Getting Your CCJ Loan
Once your loan has been issued, you can spend it on whatever you need the money for. Whether you need to get your car repaired, pay for a new domestic appliance or cover some unforeseen expense, our loans will provide you with the flexibility and affordability many people with CCJs are looking for.
Contact Us For a CCJ Loan
As an award-winning loan provider based in Essex, we have all of the know-how to provide people with CCJs the credit they often need but cannot source elsewhere. Our professional agents will be delighted to assist you with any enquiry and to come up with a loan proposal that is competitive and affordable. Why not apply today?
FAQs for Customers Who Need A Loan But Have A County Court Judgement
What is a County Court Judgement (CCJ)?
A County Court Judgement, commonly known as a CCJ, is a type of court order in England, Wales, and Northern Ireland that might be registered against you if you fail to repay money you owe.
Can I apply for a loan if I have a CCJ?
Yes, it is possible to apply for a loan even if you have a CCJ. However, it’s important to note that having a CCJ can affect your credit rating, making it harder to secure loans or get favourable terms.
How does having a CCJ impact my ability to secure a loan?
Having a CCJ can negatively impact your credit rating, and lenders may see you as a higher risk. This might mean you are offered higher interest rates, lower loan amounts, or you may be declined outright. However, each lender has its own criteria and policies.
Can you consider my loan application if I’ve satisfied my CCJ?
Yes, we can consider your application even if you’ve had a CCJ in the past, particularly if it has been satisfied. A satisfied CCJ shows lenders that you’ve taken steps to settle your debts, which can be seen positively.
What is a ‘satisfied’ CCJ?
A CCJ is marked as ‘satisfied’ if you’ve fully paid off the money owed within a certain time frame, typically within a month of the judgement. It will still appear on your credit record but it will be marked as satisfied.
What should I consider before applying for a loan if I have a CCJ?
It’s crucial to consider your ability to repay the loan. Missing payments or defaulting on a loan can worsen your credit history. You should also think about the interest rate, the term of the loan, and whether the monthly repayments are affordable for you.
How can I improve my chances of securing a loan with a CCJ?
Demonstrating good financial habits can improve your chances. This might include paying bills on time, reducing existing debts, and not applying for too much credit at once. If your CCJ is already ‘satisfied’, this may also improve your chances.