CCJ loans are just like any other bad credit loan. Even if a person does not own a home or can not use their home to secure the loan, there are still CCJ loan options.
Removing a County Court Judgment (CCJ)
Please note a County Court Judgement will not hinder your chances of getting a CCJ Loan. It’s no longer difficult to get yourself a 100% instant bad debt ccj loan unsecured with minimum hassle and in the shortest time. Removing a CCJ is difficult but possible although it is a lengthy process filled with red tape.
Loans are only available to applicants who are 18 years or over, in full time employment (minimum of 16 hours per week) and a bank account holder. Even if you have bad or poor credit, CCJ’s or mortgage arrears you can still qualify for a secured loan through the many different brokers and institutions on the hig street and internet. Overall the best low rate secured loans are going to be for smaller amounts over a short term and the borrower is going to have good credit. A person can take out a small CCJ loan and pay it back according to the terms, which will then reflect good on their credit. A debt consolidation loan may be just the help you need to reduce your monthly bills and begin working toward total and permanent debt elimination. If that is not possible a person can still find lending sources willing to extend a CCJ loan. People with poor credit ratings will find a secured loan more easily accessible to them than say an unsecured loan because the lender is taking a lot less risk themselves. The positive outcome of this is that secured homeowner loans are laden with advantages. 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 sumary CCJ’s don’t need to be a problem when you are trying to get finance, it just takes a little more time and effort.