More county court judgments (CCJs) were registered against consumers in England and Wales during Q1 2018 than any other quarter since current records dating back to Q1 2005 began, according to figures released today by Registry Trust.
Registry Trust is the Registrar of Judgments, Orders and Fines in England and Wales (on behalf of the Ministry of Justice). In addition, it collects, verifies and publishes judgment information from jurisdictions across the British Isles and Ireland. A judgment is incontrovertible proof that debt has not been managed successfully.
Credit reference agencies licensed by the Trust receive daily updates on judgments. This information affects lenders’ readiness to offer credit and can lead to difficulties with loans and mortgages as well as higher borrowing costs.
During Q1 2018, 305,877 judgments were registered against consumers in England and Wales – over double the 150,622 consumer CCJs registered during Q1 2005. Rising two percent on the first quarter of 2017, the total number of adverse CCJs has risen year-on-year for the past five years.
The average CCJ remained stagnant, decreasing just £6; the median CCJ also remained close to Q1 2017’s figure, dropping just two percent in value.
As a result, the total value of consumer CCJs marginally rose two percent.
In the High Court 44 judgments (HCJs) were registered against consumers in Q1 2018. The total value of HCJs soared by £100m to £115.2m. The scale of this increase was largely due to a single judgment worth £84.5m. By contrast, the median HCJ stood at £139,921 for the quarter.
In Q1 2018 Registry Trust received 56,881 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 jurisdictions across the British Isles and Ireland.
CCJs against consumers Q1 2018 (compared with Q1 2017)
- Total: 305,877 (up two percent)
- Total value: £455.5m (up two percent)
- Average: £1,489 (down £6)
- Median: £684 (down two percent)
High Court judgments against consumers Q1 2018
- Total: 44 (up nine)
- Value: £115.2m (up £99.6m)
- Average: £2,618,908 (up £2,172,600)
- Median: £139,921 (up £54,921)
Adjusted High Court judgments against consumers Q1 2018*
- Total: 43 (up eight)
- Value: £30.8m (up £15.2m)
- Average: £715,759 (up 60 percent)