How To Avoid Getting A CCJ (County Cort Judgement)
If you are in serious arrears with your creditors, as a last resort they may apply to a county court to try and recover their money. Honouring your part in any agreement with creditors is the only sure fire way to make sure that you do not have to attend court and are not issued with a CCJ. Lenders tend to appreciate communication and therefore you can get help with your particular case by speaking to them.
If you are finding it hard to keep up with payments, you should seek to renegotiate the payment terms with your creditors in order to try and get your monthly payments lowered. Agreeing to new terms with the creditors will help ensure that you avoid a CCJ as well as easing your monthly burden.
It is always important to keep all the paperwork from the creditor as this will help you in your dealings with them and it is important to know exactly what has occured in your past dealings with them. This paperwork also provides documentary evidence for a your part in any potential court case and will you should be able to see if the creditor has made changes to the agreement without your approval. However it is important that you do not do anything to upset the creditor too much if you want to avoid a CCJ.
Most if not all creditors will prefer not to go to court as it is extremely costly for them to have to do this. Therefore it makes more sense for a creditor to seek to do a deal with the individual who is in arrears. If things get bad it is time to sit down, get all your paperwork out and reassess your financial postion with a view to approaching your creditor to do a deal.
The best thing to do would be to make a big list of what your outgoings and incomings are every month so that you are able to come up with a realistic figure of what you can afford every month. Then approach all the companies you owe money to in order to explain your situation and make a deal with them. Keeping the matter out of court will benefit your credit rating no end.
Payplan are a debt management company who are experts in helping people with their CCJ queries. Go to http://www.payplan.com for more information.
