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A county court claim is a claim for money through the legal system, in which one party is able to force a judgment on another through a trial administered by a judge. These claims can be disputed, but if handled incorrectly, can have adverse effects on one’s credit rating.

If you do decide to dispute the claim, your credit rating is still safe. The decision that comes from the judgment will be legally-binding, so if you do lose and are issued a county court judgment, you are required to pay it by law. Only at this point are you actually required to pay the disputed amount, and only under terms that are feasible to your budget.

The county court judgment is a serious matter. If you miss a payment, the county court judgment will be placed on your credit rating. This only occurs if you are behind on payments- so do your best to maintain payments if you are having problems paying bills. The judgment lasts for a solid six years- even if you do end up paying the total off at a later date.

In comparison to a bankruptcy, one may draw some solid conclusions that both are about the same in terms of negative reputation. A CCJ may not be removed, just like the bankruptcy filing, and will put borrowers on a path to hopeful recovery. Credit counseling services can reduce the effect that the filing will have in time, but it will take work.

It is not the end of the world if you do manage to get a CCJ tied against you. In fact, there are lenders that specialize in CCJ mortgages that you can take your case to for review. If you have an otherwise great history of being up to date on finances, you shouldn’t have a problem securing a mortgage. CCJ mortgages aren’t offered at the best rates, but that’s something you will have to accept until the CCJ is expunged from your history.

Having bad credit and obtaining a CCJ mortgage is another story entirely. Bad credit CCJ loans are a niche mortgage that are harder to qualify for. The best thing to do at this point is to improve credit or consult lenders that specialize in bad credit mortgages. Even two years is enough time to raise your credit if you can pay off credit balances monthly and on time.

Final Thoughts

CCJ mortgages aren’t as valued as generalized mortgage loans, so do your best to keep a county court judgment from befalling your name. If it does happen to tarnish your credit, do your best to work towards a better credit until the six year penalty is up.

Learn more about CCJs Mortgage Lender and Broker CCJs Mortgage.