This page is dedicated to comparing loans that are available if you’ve had one or more CCJs at any stage during the past six years. CCJ is an abbreviation for “County Court Judgement” and is where someone has taken court action against you to reclaim money that you owe. Credit reference agencies record County Court Judgements on your credit file and lenders will consider them when trying to decide whether to lend to you or not.
There are two different ways that a CCJ can show on your credit file; satisfied and unsatisfied. Satisfied is where you have paid the amount owed within 6 months of the CCJ being recorded and unsatisfied is where you have not paid the CCJ within 6 months. Customers with unsatisfied CCJs will find it even more difficult to obtain credit.
Types of CCJ loans
Generally, if you have a CCJ on your credit file, you may probably have a bad credit score depending on whether your CCJ has been satisfied. There are a number of lenders who will lend to you regardless of whether you’ve got a satisfied or unsatisfied CCJ on your credit file. To cover the higher risk in lending to customers who have one or more CCJs on their credit file lenders in this space have high rates of interest on the loans they offer. Expect to pay upwards of 49.4% APR. Additionally, you’re likely to be asked for a form of security to provide against the loan, be it a guarantor or your logbook. Doorstep lenders are the exception to this rule, though most only offer up to £500 to new customers.
Here is an overview of all the different types of loans available to you if you’ve had a CCJ recorded on your credit file in the last 6 years. We haven't included Doorstep, logbook or payday loans in the comparison table below as they're outrageously expensive. For more information on these types of loan, click the corresponding link.
Guarantor lenders offer from £50 - £7500 and accept those with CCJs. If you’ve got someone who’s willing and able to back your loan application then a guarantor loan could be an option for you. We’ve included them in the comparison table below and have a page dedicated specifically to guarantor loans here.
Doorstep lenders offer cash loans of up to £500 to new customers regardless of your credit profile, and will accept those with CCJs. Once the loan has been organised, the cash is delivered to your door. A representative of the lender then returns to your house to collect your repayments. To compare doorstep lenders, check out our doorstep loans comparison table.
If you have your own car that’s free of finance and under 10 years old, then a logbook loan is an option. Logbook loans work by securing the loan repayments against your car. The lender will keep your logbook for the duration of the loan, temporarily owning the vehicle. You can find out more information on logbook lenders by visiting our logbook loans comparison table.
High-cost short-term loans
High-cost short-term loans (HCST), commonly known as payday loans are, as their title suggests, loans designed to be repaid over a short term. Loans range from £100 to £1000 and are generally repaid within 6 months.
HCST loans sit at the pricier end of the scale and should be considered for use only as a last resort. If you are thinking of a HCST loan be sure to compare your options first and be absolutely positive you can afford the repayments before you apply.
What not to do
Do not apply for a CCJ loan if you are not absolutely positive you can afford the repayments. As outlined above a lot of the lenders that lend to those with CCJs will require some sort of security. By committing to a loan and not meeting the repayments, your possessions are at risk and if you have a guarantor they will have to pick up the bill.
Criteria will vary from lender to lender but you will have to be at least 18 years old and have a UK bank account with direct debit facilities. You will also have to convince the lender you’ll be able to meet the repayments.
CCJ loans are specifically for those with a poor credit history. If you have good credit you’re in the wrong place and should take a look at our good credit comparison tables. If you do have bad credit and are thinking of applying for a CCJ loan, make sure you are positive you can afford the repayments before committing, as if you can’t, you’ll be either putting your possessions at risk or forcing your guarantor to pick up the pieces.