What You Did Not Know About Unpaid CCJs Mortgage

An unpaid CCJs mortgage is a county court judgement, which features in your credit history for a minimum of six years. If you have a CCJ on your name then it means that your credit worthiness is being doubted. Lenders will take additional precautions before lending you any money.

Effects Of Unpaid CCJs Mortgage

Having an unpaid CCJs mortgage is not too difficult. Every year, roughly around a million CCJs are recorded in England and Wales. There are times when CCJs are issued without you being even aware of it. Maybe you have not paid a large bill for quite sometime and the fact have totally slipped your mind. Or you may have missed on paying your utility bills once or twice due to your hectic schedule. This can result in you landing up with an unpaid CCJs mortgage.

Most people usually land up with a CCJ because of carelessness. Maybe you are out of the country for a month; or maybe ill for sometime and as a result have missed the payment of your bills. This can result in a CCJ registered on you. Thus, you need to be very cautious.

A CCJ can result in a blemish in your credit history. If you want to maintain a good credit score and take advantage of a high rate of interest, then you have to be careful in not registering a CCJ against you. Once a CCJ is registered against you, it will feature in the public records for six years. Only if you can manage to settle the CCJ within 30 days, you can avoid the CCJ from being registered against you.

The Register of County Court Judgements maintains all records CCJs. So if you get a CCJ registered on your name, it will feature on the Register of County Court Judgements for six long years. Even if you pay it off, the record will exist in the records. However, it will be featured as satisfied. Thus it is better not to have unpaid CCJs mortgage in your name if you are interest keep your credit track blemish free.

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