County Court Judgments (CCJs) are made when a creditor takes you to court in order to retrieve the money you owe. If a CCJ is granted against you it is entered on the Register of Judgments, Orders and Fines (for England & Wales) and on your credit file. Unless you pay off the debt within one month of the CCJ being granted, it remains there for six years even if you pay off what you owe during that time
Tag: Debt
MoneyExpert: Undergrads Face £15,000 Cost Of Education
The average undergraduate beginning their degree programme this year will leave university in 2009 with debts of £15,000, Callcredit has warned.
MoneyExpert: UK Saves Record Amount €“ But Can’t Stop Borrowing
The UK banked a record amount of savings between April and June of this year new figures have shown, with some £38.6 million put away for a rainy day.
Motley Fool: Dealing With Bailiffs
This article continues our series on Getting Out Of Debt….
Scotsman: Nearly Half A Million In UK With Massive Debts
Nearly half a million people have unsecured debts of more than £20,000, it was revealed yesterday.
This Is Money: Arsenal ‘comfortable’ With Stadium Debt
The cost of the Gunners’ move to their new 60,000-seater Emirates Stadium has seen their debts soar from £153.3m to £262.1m
Motley Fool: Get Out Of Debt Discussion Boards
Here at the Fool we have hundreds of different discussion boards that cover virtually every subject you can think of. Below we’ve listed a collection of the most popular boards on our site that deal with getting out of debt.
Motley Fool: The Dangers Of Debt Consolidation
Some companies offer personal loans that are specifically designed for debt consolidation. These often have relatively low interest rates, which means lower monthly payments. However, they’re usually dragged out over so many years that you end up paying a fortune in interest.
Motley Fool: The 15m-An-Hour Investing Opportunity
It is estimated that total UK personal debt currently stands at £1, 237b. Additionally, personal debt is growing at a rate of £1m every four minutes! That equates to an increase of £15m an hour. What’s more, one person is falling victim to insolvency every minute, and in the last four years the average age of a bankrupt has dropped from 43 to 41.
MoneyExpert: Student Barclaycard Condemned For Irresponsible Lending
Debt campaigners have condemned Barclaycard after it announced that it has doubled the amount of credit on offer on its student card.