The Role of Debt Collectors in CCJ Enforcement
In certain instances, creditors may employ debt collectors to recover delinquent payments. These debt collectors may contact you directly, adding to your tension levels.
When coping with debt collectors regarding your CCJ, it is essential to know your rights and, if necessary, consult a debt advisor. They can help you determine the best course of action to recover money and how to communicate with debt collectors effectively.
Formally Decided CCJs and Their Effect on Your Credit
A formally decided CCJ is one in which the court has rendered a verdict after reviewing the evidence and hearing both parties’ arguments.
This form of CCJ can significantly impact your credit score, as it indicates that the court has determined you owe the money and have not made arrangements to repay it.
It is imperative to respond promptly to a formally decided CCJ, either by reimbursing the money or obtaining legal counsel to contest the judgement if you believe it was made in error.