a debt that has been officially recognised and order is made by the court for payment of an outstanding debt made against the debtor. Will stay on official records for six years. CCJ's are 'settled' once the debt has been paid. A CCJ that has been settled promptly may be an indication that the company has been unable to amicably resolve a dispute with a supplier rather than demonstrating an inability to pay. Unsettled CCJ's, however, are a strong indication of problems.
County court order made against a borrower who has defaulted on payments
a judgment issued by the jurisdictional court for a variety of reasons
A County Court Judgment (CCJ) gives details of the court's decision of a creditor's attempt to recover a debt in a civil court.
If a County Court rules against you for defaulting on a debt, it will make an order that you must repay a creditor the debt. A CCJ will then be listed on your credit record. Having a CCJ may mean that you are turned down for future loans, or be expected to pay a higher rate than other customers. The Scottish equivalent of an English CCJ is a Decree.
Record of a court order to repay money. CCJ's stay on the record for six full years from the date of the judgment.
A decision reached in the County Court which can be for not paying debts. If you pay off the debt, the CCJ is satisfied and a note is put on your records to say this.
Creditors may take court action if they have problems communicating with you or getting you to make payments off your loans. This will usually result in additional costs being added to your debt. After considering your circumstances the Court will usually stop interest being charged and agree a regular amount that you should repay and this will be reflected in the Judgment(s). A CCJ will normally be recorded on your credit record for a period of six years.
A judgement issued by the court in order for you to make payments to a debt you owe when you have failed to keep to an original agreement with the lender and not made any attempts to come to an agreement of repayment.
CCJ is the term for a judgment made in the county court against a person or company for debt, usually as the result of loan defaults.
Whenever someone fails to pay for something and is subsequently taken to court, the magistrate may issue a County Court Judgement against that individual to pay the outstanding debt. It will only be removed once the debt is cleared.
A decision or judgment from a County Court against a debtor who has refused or failed to pay monies for which a creditor claimed to be owed and is suing.
In England and Wales (Scotland has its own legal system), County Court Judgments (CCJs) are legal decisions handed down by County Courts. Judgments for monetary sums are entered on the Register of County Court Judgments, which is checked by credit reference agencies to assess the credit-worthiness of individuals.