CCR Magazine

You are here  :Home arrow News arrow "Serious concern" as CCJs soar
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
"Serious concern" as CCJs soar PDF Print E-mail
Wednesday, 02 November 2016
Consumers in England and Wales are facing a decade-high level in the number of CCJs, according to figures released today by Registry Trust.

The non-profit Registry Trust collects judgment information from jurisdictions across the British Isles and Ireland. In England and Wales, it operates the Register of Judgments, Orders and Fines on behalf of the Ministry of Justice. A judgment is incontrovertible proof that debt has not been managed.

There was a year on year increase nearing 50 percent in the third quarter of 2016, with more than a quarter of a million (256,847) judgments registered against consumers in England and Wales.

The average value of a CCJ, however, fell 11 percent to £1,642, the lowest third quarter figure in the past decade. By contrast the average value of a judgment in Q3 2008 stood at £3,680.

Over the same period, the number of judgments against consumers in the High Court fell for the third year in a row to 62, the lowest number on record. The total value increased sharply by 90 percent to £68.3m, with the average value rising to a decade high of £1.1m.

The total value of debt judgments against consumers in all courts in England and Wales during the third quarter of 2016 was £490m.

“The rise and rise in the number of judgments is a matter for serious concern,” said Registry Trust chairman Malcolm Hurlston CBE. “One factor may well be that claimants are finding it worthwhile to sue for smaller sums. But people face not only lenders and utilities which use the county courts but also local authorities and HMRC who have their own approaches.

“It becomes ever more important for people who can to satisfy judgments, either within a month, in which case they may be removed, or soon after when the satisfaction record will look good on the credit score.”

Last quarter 14.77 percent of CCJs were registered as satisfied.

In Q3 2016 Registry Trust received 38,831 requests to search the register for England and Wales online at www.trustonline.org.uk. TrustOnline allows anyone to search for judgments and similar information registered against consumers and businesses in any jurisdiction across 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. Our registers cover the British Isles and Ireland,” said Mr Hurlston. “Negative information should at least give pause for thought.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197