We understand that through no fault of your own you can sometimes get behind with your payments, or even end up with a CCJ registered against your name.
Most people now know that their bank or building societies computer systems will probably decline them if they have have a CCJ or default.
Advantage Loans are different - we do not judge you on your history. In fact when you apply for our loan finding service we will not credit check you before we accept your application.
The CCJ process -
1. If you do not pay a bill, a loan, an invoice etc
2. You receive a formal demand for payment from the creditor
3. If you ignore the demand...
4. The creditor sends you a ‘Claim Form’ (previously a Summons) demanding payment within 14 days or your defence in writing (following court rules)
5. If you ignore the Claim Form...
6. The creditor asks the court to enter a Default Judgment (the CCJ)
7. The court would then send you the CCJ giving you 28 days to pay
8. And if you ignore the CCJ...
9. When the 28 days expire, the CCJ will be on your record for 6 years
In addition, a large number of County Court Judgements (CCJ's) are the result of undefended summonses. This is usually because the defendant is unaware of the response needed and does nothing, so the court enters a 'Judgement by Default'.
The Central Registry then passes the judgements to the credit agencies.
You cannot set aside a CCJ that you knew about, or did not pay, but can pay now. This will affect your credit history, but it is not the end of the world as it's still possible to get finance through Advantage Loans.
At Advantage Loans, we treat each client as an individual. We do not rely on computer scoring systems and we do not assume that your past reflects your present situation. We are more interested in looking at your current situation and your ability to repay. Apply today and find out how Advantage Loans can help you. |
