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Mishap can come at any point of time and people find it really tough to combat with it. Having a label of CCJ is such an embarrassing condition. CCJ means county court judgment which is issued by the county court for solving civil disputes. The reason for its issuing is violation of any contract concerning goods or asset, personal injuries, debt repayment etc. Once CCJ is issued against you; the credit score will be tarnished for the next six years in the society. Moreover, you will be partially discriminated in every area.
The best way to protect the credit is to repay the debt amount within 30 days from the date of issue of CCJ’s. In these situations if you have the asset that can be kept as collateral to the lender for the loan amount, then it would be wise to go for it. Sometimes it happens that the situation is not in your favor then Read more
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