Check CCJs the Quick and Easy Way

You may be daunted by the idea of how to efficiently and quickly check CCJs. Do not be. You can check CCJs quite easily. All it takes is for you to be familiar with CCJs, why and how a county court judgement is given, and how and when it can be taken off. Just bear in mind that a CCJ is only issued by a court which orders you to repay your debts to your creditor. The amount which you need to repay is either what you and your creditor have agreed to or as set by the court. You may also be given an 'administration order' if you have more than one creditor.

If you can manage to pay your creditors within a month, your CCJ will be taken off immediately. Otherwise, it will stay on and can be seen by all potential lenders who may base their decision on whether to grant you a loan or not based on your CCJs that may be in force over the next six years. So, if you are planning to apply for a loan after you are given a CCJ, be sure to know how to check CCJs and to have a general idea on what to anticipate on the possibility of you being a granted loan and with what terms of interest rate and payment. So let us now consider how you can check your CCJ status.

Ways to Check CCJs

There are two main ways. You can easily check CCJs by following these guidelines:

(1) Learn how to determine your credit score - Your credit score is usually calculated based on your credit report variables. These variables are generally set out by lenders who decide how much they can lend you and at what interest rate. Of course you want lower interest rates for your loan. To get a lower interest rate, you must improve your credit score. Use credit rating agencies in the UK to check your rating. These agencies usually use a combination of FICO scores which are dependant on several factors. These factors may include your income, the debts you have acquired, your job, and your spending patterns. In addition to these factors, your debt to income ratio is also an important variable.

(2) Know how to improve your credit score - This can only be done if you know how to check CCJs. Just bear in mind that lenders always assess your credit score before they approve any loan that you have applied for. Your credit score also determines the interest rate you are eligible for. Credit scores range from 300 (lower limit) to 850 (higher limit), with the vast majority of scores ranging between 600 and 750. If you want to maintain a good credit score, it is essential for you to know how to check CCJs.

Assistance in Checking CCJs

Money Beacon has linked with several partners who provide speciliased debt management solutions, including CCjs, improving your credit score and reducing or freezing your debt payments. Try our debt relief partners and see how you can become debt free.