Depending on how serious a debt might be, it might require a CCJ or county court judgement from the local court in order to get the debtor to pay what they owe. CCJs are used in England and Wales when a lender is owed money by someone and is unable to recover it by themselves. Once someone has a one against their name, it stays there for six years and is visible to credit reference companies who check to see if people are eligible for credit.
CCJs are usually used as a threat when someone doesn’t make payments on a credit agreement they have. The creditor will normally make several attempts to recover the financial debt themselves through letters and phone calls to the debtor before proceeding and asking for a county court judgement. If the person doesn’t make payment within 30 days of being threatened with this, then the court will go ahead with the CCJ and attempt to recover the outstanding debt.
Although a CCJ will stay on a person’s record for six years, they can have it removed if they pay off the entirety of what they owe. Once they have done this they can apply for a certificate of satisfaction which confirms their that it has been removed from their file and also removed from the register of CCJs.
When a court hands out a CCJ they can take a number of options to recover the debt. If the person is compliant and can make monthly payments then this may be an option. However if the person is still non-compliant and does not want to pay then the court can either ask the person’s employer to deduct it from their earnings or even send a bailiff to the person’s residence to recover the value of the debt in property.
There is no way a CCJ can be avoided other than through paying what is owed before it is handed down. This is by far the easiest option and it will prevent a lot of future financial problems for the person.
Don’t let it get as far as a CCJ with some great debt management advice.
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