If you’re looking for the best rate CCJ loans available, here at Personal Loans Now, we can show you what’s available on the market. Offering up to £7,500 once approved, apply today for bad credit CCJ loans that you can spread over easily manageable repayments. We’ll provide you with a personalised table of offers from CCJ loans direct lenders without the need for a credit check, so apply today to find out how we can help you.
What are CCJ Loans?
CCJ loans refer to borrowing that can be provided to someone who currently has a County Court Judgement (CCJ) against their name. Due to the effect a CCJ will have against your credit rating, you may have found that loans for people with a CCJ are difficult to find and even more difficult to be approved for. This is due to your credit status being heavily affected because of having a history of missing repayments or defaulting on borrowing you have had in the past. A creditor will serve a CCJ to someone if they have not been able to agree on a suitable timeframe to repay arrears, taking court action to ensure an instalment plan is met or the whole loan amount repaid. If you are in a situation where you have a CCJ and you do need further borrowing, the good news is some lenders can help.
Here at Personal Loans Now, we acknowledge that you have bad credit and rather than take just your credit rating into account, we look at your current affordability in general. This way if we can see that you can make repayments on bad credit loans with a CCJ, then you may receive approval for a loan amount you want.
How Can I Apply For Bad Credit CCJ Loans?
All you have to do is click apply now and we can start to help you find CCJ loans direct lenders who are best placed to help. As direct lenders ourselves, if we can approve your loan directly then we are happy to credit your account. If we cannot approve your loan amount, then we will show you 40+ lenders who may be able to help. To be eligible to apply for short term CCJ loans, you will need to meet the following criteria:
- Are aged 18 years or over
- Are a current UK resident
- Have a UK bank account
- You receive a regular income
Why Should I Choose Personal Loans Now for Short Term CCJ Loans?
We can provide you with many great reasons to apply today for CCJ loans through Personal Loans Now including:
- Fast Online Application – apply fully online in just 3 minutes with no waiting for paperwork to sign once approved.
- Over 40 Direct Lenders – we can show you 40+ direct lenders who can help.
- High Acceptance Rates – we are proud of our high acceptance rates, with 50,000 loans approved so far and counting.
- Low APR Rates – we scan the market to find you the best rates on CCJ loans, so you don’t have to.
- Instant Approval – we can give you a decision in just 90 seconds.
- Same Day Funding – once approved, we can credit your bank account on the same day.
It’s convenient and fast to use our online service, so why not click apply now and we can get to work on finding the best CCJ loans available to you.
Instant Decision Online with Loans for People with a CCJ
We work quickly to help you find the borrowing you need, and even quicker to provide you with a decision. Once you have clicked apply now, it takes just 3 minutes to fill in our online application where you will need to provide us with a few personal details, including date of birth and employment details. Once we have all the necessary information, we will provide you with a personalised table of offers which you can see before any credit search is performed. You’ll be able to see all the available options for short term CCJ loans together, along with the details of repayments and interest, so that you can make an informed decision before continuing.
Once you have decided on the CCJ loans offer for you, continue with your choice and we’ll be able to provide you with a decision in just 90 seconds. A credit search will be performed and if approved, we can credit your bank account directly on the very same day, as long as your application is being processed during regular working hours (9-5). If it’s a fast decision and solution you need, choose Personal Loans Now to see the whole market in an instant.
CCJ Loans FAQs
How Much Can I Borrow with CCJ Loans?
As our CCJ loans are a type of bad credit loan, the maximum you will be able to apply for is £7,500 through Personal Loans Now. Due to the higher risk involved with lending to someone with a CCJ, most direct lenders will not be able to offer more than this amount. At Personal Loans Now, to be able to apply for amounts higher than £7,500, you will need to have a good credit score or even a guarantor to be able to support the loan application. The higher your credit score and affordability, the higher your chances of being accepted for higher loan amounts.
What Happens if I Miss any Repayments on CCJ Loans?
If you do unfortunately miss repayments on loans for people with a CCJ, you will need to contact the lender at the earliest opportunity to be able to resolve the arrears as quickly as possible. If you are unable to make repayments as set out in your credit agreement, you risk the lender taking possible legal action to reclaim any losses, possibly requesting the full amount to be paid. You will need to carefully consider your situation and affordability before applying for CCJ loans so that you can ensure the repayments will not be a problem to make on time.
Can I Get Low APR Bad Credit CCJ Loans?
We’ll help to show you the best rate CCJ loans available to you, however, because your credit rating will be very low, you will find some lenders will only be able to lend to you with higher rates of interest. Having a good credit score will provide you with the best rates available, however, due to having a CCJ against your name, the risk of lending to you is much higher. We recommend you carefully check the rates of interest available, ranging anywhere between 9.9% up to 99.9%, before agreeing to any credit agreement. At Personal Loans Now, we charge a fixed rate of interest at 39.7% RAPR, however, some lenders may charge higher amounts as well as offering fixed and variable rates of interest. Where a fixed rate stays the same throughout the term of your loan, a variable rate can go up and down, much like on a credit card.
Do I Need a Guarantor with Loans for People with a CCJ?
No, you do not require a guarantor as part of your application for credit, however, you may find having a guarantor can help you if you have a CCJ. Our guarantor loans can provide you with the money you want whilst having someone co-sign your agreement who has a good credit score. This way, the risk to a lender is much less and you may find your chances of approval are increased and the amounts available to you.
I’m in Financial Difficulty, Can CCJ Loans Help Me?
Depending on your situation, loans for people with a CCJ can be extremely useful, however, you will need to be able to prove affordability to make repayments. If you are currently in financial difficulty as well as having a CCJ to pay, you will need to carefully consider if further borrowing will help you. As responsible lenders, at Personal Loans Now we need to ensure that you are not overextending yourself and can afford to pay for all your outgoings as well as further borrowing, without putting you into further difficulties. We recommend that you fully check your income and outgoings to see your disposable income before going forward with any credit application. If you need further advice, please contact one of the free financial organisations, such as the Money Advice Service, who can provide you with impartial advice to help.