Defining CCJ And What It Entails
A distinctive feature of Welsh legal systems, as well as the English one, is the system of County Court Judgements, which is also referred to as CCJs. These judgements deal with monetary claims. Unless the lender and the borrower reach an agreement on a sum, the sum is left in the hands of the judge who is ruling the case.
In the latter scenario, it is possible that the debtor feels aggrieved by the court’s decision, and may thus be entitled to file a ‘redetermination’. This involves asking the court to reconsider the sum it set on the ground that the debtor cannot afford it. Such a redetermination does not involve any fees, but it should be filed within fourteen days of receiving the court’s order.
The Register of County Court Judgements is the index wherein all judgements regarding payments are recorded. The financial reliability of anyone in the Register is then regularly checked by credit agencies.
An aggrieved creditor may demand a charging order in cases where a debtor persists in the non-observance of a County court judgement. Moreover, creditors may also request the debtor’s employer to retract a percentage of the debtor’s wages and transfer it to the Court’s account.
There may be cases when the debtor himself is owed money by third parties. In such cases these are contacted as well so as to improve the chances of the debtor to pay off his loan as well. In more extreme cases County Court bailiffs are resorted to. In order to settle debts, the bailiffs may be appointed by the court to sell or auction any goods in the possession of the debtor.
County Court Judgements should be acted upon earnestly as these judgements are listed under one’s credit file and removal is only affected once payment of the debt is settled. Debtors are given up to a maximum of 28 days to settle the amount.
A negative credit rating is highly undesirable by anyone. If the debt is not paid within the 28 day period, there will be a negative record in one’s credit report for some six years time. If on the other hand the debtor pays it off within the required time period it will be marked as ’satisfied’ in the report. However, there will still be a mark that a CCJ had been issued. Hence it is highly recommended that a debtor makes sure to try to pay repayments regularly so as to neutralize such a negative record.
Payplan are a debt management company who will help with any CCJ enquiries you might have.
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