CCJ home insurance for those with County Court Judgements
If you have one or more active CCJs on your file you could be struggling to find an insurance company who will 1) cover you and 2) offer a reasonable price. We provide CCJ home insurance which is designed to cover those with adverse credit histories. Finding an insurer to offer monthly payment terms is also difficult with a CCJ. We offer payment options on 95% of our CCJ home insurance premiums. Your credit history is taken into consideration and we can cover one or more CCJ on your file. We accept a wide variety of scenarios linked to poor or bad credit histories and other forms of credit management.
Offering payment options
Taking into consideration there is a CCJ, we will still look to offer flexible payment terms in as many circumstances as we can. When you get a quote with CoverBuilder, you’ll get an instant decision along with all the payment options we can offer you for CCJ home insurance.
- Poor or bad credit history and pay monthly options
- Single or multiple CCJs and pay monthly options
- Previous bankruptcy and pay monthly options
Home insurance renewal declined
If your existing home insurer has denied renewal due to you now having one or more CCJs then this can be a significant issue. This decline would need to be disclosed along with the fact you have a CCJ. CoverBuilder’s CCJ home insurance accepts people who have been denied renewal.
Why choose CoverBuilder for your CCJ home insurance?
When you quote for CCJ home insurance with Coverbuidler we maintain complete privacy. ALl our quotes can be done online and without the need to go through your financial history over the phone.
- Offering competitive rates for those with adverse credit histories
- Wide range of acceptance criteria with instant decision
- Equal monthly payment options offered
- Standard policy excesses apply unless otherwise stated in policy documents
- No cancellation or hidden fees!
- UK based customer support
- Manage your policy online
- Average call centre answer time under 1 minute
What is a CCJ?
This is a court’s judgement as to whether money is owed by one party to another and there’s been a failure to pay within the original terms of the repayment agreement. CCJs are a way for a person or creditors to claim the money they are rightfully entitled to. A CCJ will, unfortunately, have a severe negative impact upon things such as your credit score and your ability to obtain credit in the future. It is one of a few serious types of adverse credit history (the others being things such as bankruptcies and IVAs). This basically means that any future lenders will be able to see that you were unable to repay your debts and may fear lending you money in case they too have to pursue court proceedings in order to recoup their costs.
Notice of default
The first step for a lender to take to obtain a CCJ is to issue a Notice of Default. If you choose to ignore this (or the lender isn’t happy with the response you’ve provided), they can then ask for a County Court Summons to be issued for you to attend court. Whether or not you subsequently pay off the debt, this CCJ will remain on your credit report for the next 6 years. The only exception to this is if you pay off the outstanding amount within one calendar month of the date of the County Court Judgement.
Pay the oustanding
The one way to avoid a hearing or a judgement and subsequent damage to your record, is to pay the outstanding amount in full as soon as you receive the County Court Summons. Naturally, this will be dependent on you being able to access sufficient funds to repay this amount.If you do not do this, there’ll be a simple, private court hearing held, which you can choose to attend or just send the information the court asks for in the post.
Where does the liability lie?
Unlike criminal trials, the court for a CCJ doesn’t find anyone to be ‘guilty’ or ‘innocent’. It just assesses the facts and then decides whether or not it thinks you do owe the requested money. If it is decided you are liable for the owed amount it will also decide how you should repay it. If you do not pay back the money that the court has decided you owe, it is possible for lenders to take further legal steps, including sending bailiffs to your address to collect possessions worth the equivalent of the amount owed. In Scotland, things are dealt with slightly differently as it falls under Scottish law. Here, claims are dealt with by an institution called the Sheriff Court.
What impact can a CCJ have?
A CJJ on your file can lead to restrictions on your payment options with some companies. This is mainly due to the fact that monthly installments are a credit providing solution. Disclosing your CCJ is essential as withholding information can lead to your policy being invalidated or claims refused. Our CCJ home insurance offers payment options for over 95% of all people who quote with a CCJ.
What impact does a CCJ have on your credit report?
There is a differentiation made on credit reports between CCJs that you have paid off and ones that you haven’t. If you still owe money then your CCJ will be labelled as ‘active’. If you have settled the amount in full then it will be marked as ‘settled’. Once you are fully paid then you should inform the four main credit reference agencies. You can do this with a ‘Letter of Satisfaction‘ which can be obtained from the Court. This process is done by yourself and only then will the CCJ be shown as settled on a credit report.
Getting future credit
Unfortunately, there are limited options to remove a County Court Judgment from your credit report. It is likely to cause you difficulty in obtaining credit on the high street until it is dropped from your record after 6 years. It is strongly recommended to use companies who offer to repair your credit. This practice is illegal and can cause far more problems than simply waiting for it to be served.
You can find out more information on CCJ from the free and impartial money website The Money Advice Service
What is the CCJ register?
The Register of Judgments, Orders and Fines records CCJs for 6 years. Most CCJs will appear on the register but there are some that don’t. To be capable of being registered the judgment must either have been issued in default (i.e a judgment without trial where no defence was entered) or else defended and payment is by instalment order or where enforcement action is being taken.
There are other conditions and exemptions and for the full list of criteria please refer to the latest statutory instrument relating to the Register of Judgments, Orders and Fines Regulations. Banks and other lenders can do a CCJ check against the CCJ register when deciding whether to offer credit. Getting a mortgage with a CCJ or a loan with a CCJ is difficult. Even if you get credit, you may end up paying a higher interest rate.
CCJ register and how to update it
The first task is to identify the court where the judgment was made and the track the case number. The court will provide the options available to you based on your circumstances. Your first option is to pay off the debt and having it marked as satisfied on your credit report. Secondly, you can apply to have the judgment removed or ‘set aside’ by having the case reheard. There are options if you if you believe your CCJ to be settled or issued incorrectly. Contact the court as soon as you can with your case number. This is where you highlight the reasons you believe your CCJ is settled or invalid.
Removal of your details from the register is possible in three ways.
- Paying within a month can result in it being removed from the register.
- Satisfied vs unsatisfied, if you pay the CCJ after this, it stays on the register but it will be recorded as ‘satisfied’ (see Certificate of satisfaction). If you don’t pay it then it is shown as unsatisfied.
- Full removal is only possible if you can evidence it is incorrect or a genuine reason to dispute it.