CCJ loans are like any other loan for people with bad credit. There are CCJ loan options for people who don't own a home or can't use their home as collateral.
Getting rid of a county court ruling (CCJ)
Please keep in mind that a County Court Judgment will not make it harder for you to get a CCJ Loan. No longer is it hard to get a 100% instant bad debt ccj loan that is unsecured and takes the least amount of time and effort. Getting rid of a CCJ is hard, but it is possible. The process is long and full of red tape, though.
Loans Available
Loans are only given to people who are at least 18 years old, work full time (at least 16 hours per week), and have a bank account. Even if you have bad or poor credit, CCJs, or mortgage arrears, you can still get a secured loan through one of the many brokers and institutions on the high street and online. Overall, the best low-interest secured loans will be for small amounts over a short period of time, and the borrower will have good credit. A person can get a small CCJ loan and pay it back as agreed, which will make their credit look good. A debt consolidation loan could be just what you need to lower your monthly bills and get on the path to getting out of debt for good. If that isn't possible, a person can still get a CCJ loan from other places. People with bad credit will find it easier to get a secured loan than an unsecured loan, because the lender is taking much less risk with the secured loan. This is a good thing because it means that secured homeowner loans have a lot of benefits. When choosing a loan, always check out what the early settlement penalty will be as you may find a lender who does not charge one.
In conclusion, having a CCJ doesn't have to stop you from getting a loan. It just takes a little more time and work.
