How Will a County Court Judgment Affect My Home?
If you are struggling to pay your debt it is likely that you will receive a county court judgement (CCJ). As a home owner this could lead to a charging order against your property. A county court judgement is a court order requiring you to pay the debt that you owe. Once in place, a CCJ is advertised in the Stubbs Gazette which publicises all such action mainly for the benefit of financial institutions such as banks and credit reference agencies. Subsequently to the advertisement in the Stubbs Gazette, the credit reference agencies will register the CCJ against your credit file for six years. This will make it more difficult for you to borrow money in the future. If the debt continues to go unpaid, the creditor could apply for an attachment of earnings against you so that payment is made directly from your wages. Application for a charging order If you are a home owner, it is becoming increasingly common for creditors who have issued a CCJ to then apply for a charging order. If a charg
