County Court Judgments Used By Creditors To Tackle The Defaulters

By Author: Jack Smith
Total Articles: 19
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County Court Judgments refer to the judgment or ruling that is passed by the court in the cases that have to do with owed debts. When the lender does not receive timely payment or any payment on the debt allowed by him to his debtor in the accordance of the loan agreements, the lender can move to court to recover his money from the borrower.

Abbreviated as a CCJ, a County Court Judgment is the ultimate option in the hands of the lender to get back his money he has let to someone else. When the debtor, knowingly or unknowingly, fails to answer lender’s phone calls and mail and also disallow him access to express debits, it appears to the lender that the debtor is making an attempt to put off the repayment of his debt.

The process of being awarded County Court Judgments starts with the application filing of the lender who is the claimant in this case by filling up the claim form that discloses all particulars of the debt allowed by the lender. On receipt of a duly filled claim form, the court stamps it and sends a response pack to the debtor to be filled in by him. The debtor should provide all genuine details ...
... asked in the form or else he would get into a bigger trouble and hence it is advised that neither party should ignore the documentation of court. If the debtor agrees to the point that he actually owes the amount of debts to the lender, he will further have to fill up the applicable forms and resend them to the court after filling.

On acknowledgement, the lender would suggest the ways of making payment as to how and who to pay; the solicitor or/and the debt collection organization or/and the creditor only.

If the debtor says that it is not possible for him to pay the County Court Judgment, he can again fill up another form and get the judgment put off for some time. In such a situation, the assets of the debtor would be evaluated again and he would get another hearing date when he will have to clarify his situation to the court.

Continuous failure to pay the County Court Judgment can land the debtor in a suit against his property rights whereby he loses all rights on his property and it gets attached and at the same time court may also instruct deduction of the repayment installments directly from the income of debtors, for not following the loan agreements.

The County Court Judgment will weaken the access of the debtor to credit in the form of loans, mortgages and credit cards and also the debtor could be needed to pay a much high rate of interest due to weak financial reliability.

Jack Smith offers valuable advice on loan agreements in the United Kingdom. To have the most effective handling of county court judgments, he recommends Bournes Debt Solutions which is the leading debt counselling company in this region. Eliminate your debts with their experienced consultants.