What is a financial CCJ - County Court Judgment?
Posted - 08/05/12
County Court Judgment - or to use it's acronym CCJ - is a legal
decision passed by a county court in England and Wales. Legal judgments
passed by county courts are in relation to monetary sums - usually
the failure of a debt payment.
CCJ's impact negatively upon the credit worthiness of individuals:
each decision is recorded on a register, which can be then checked
by credit rating agencies who are employed on behalf of lenders.
The county court has the power to deduct money from employment
wages to pay a debt, empower banks to pay a debt if the debtor has
money held within their accounts, and finally to send a court appointed
bailiff to seize goods owned by the debtor to pay the debt.
When a creditor issues a county court action against an alleged
debtor, the alleged debtor is sent a CCJ claim form. The alleged
debtor then has 14 days to either repay the debt, or to dispute