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Judgment rise puts credit “in right hands” PDF Print E-mail
Thursday, 06 August 2015

Consumers faced seven percent more county court judgments (CCJs) in the first half of this year than last according to figures released today by Registry Trust.

Registry Trust is the non profit organisation which collects judgment information from jurisdictions throughout the British Isles and Ireland. In England and Wales it runs the Register of Judgments, Orders and Fines for the Ministry of Justice; this register includes both CCJs and High Court information. Judgment records, business and consumer, are available for the public to search at www.trustonline.org.uk. A judgment represents incontrovertible proof of unmanaged debt.
 
There were 369,989 CCJs registered, an increase of 23,000 on the first half of 2014 and the third year on year increase in a row. The recent half year high, affected by the financial crisis, was back in 2007.

The average value of a CCJ in the first half of the year fell by six per cent to £2,164. It has fallen each year since 2008. The total value of CCJs increased by £2.7m to £801m following an increase of £160m from the first half of 2013 to the first half of 2014.
 
The number of high court judgments (HCJs) against consumers in the first half of the year fell sharply from 355 in 2014 to 171. The total value rose 65 per cent to £133m owing largely to a judgment of £45m.
 
The total value of all debt judgments against consumers in the first half of the year was £934m to which CCJs contributed £801m.
 
Introducing the statistics, Malcolm Hurlston CBE, who chairs Registry Trust, pointed out:

"Recording unmanaged debts through CCJs is vital if we want to ensure that credit ends up in the right hands. The greater danger to consumers lies from unrecorded debt which is likely to lead them further into debt they cannot manage."
 
In the first six months of the year Registry Trust received 82,125 requests to search the register for England and Wales, the bulk of which were made online via www.trustonline.org.uk.
 
Through TrustOnline anybody is free to search for judgments and other registered information against businesses and consumers in any jurisdiction in the British Isles and Ireland. “It is a unique benefit for consumers to be able to check the debt record of any person or business with which they may be transacting. Any negative CCJ information should certainly make you think twice.” said Mr Hurlston.

(Source - Registry Trust News Release)
 

 
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