CCJ

Business, Legal & Accounting Glossary

Definition: CCJ


Quick Summary of CCJ


A County Court Judgment (CCJ) is a type of court order in England, Wales and Northern Ireland that might be registered against you if you fail to repay money you owe.



What is the dictionary definition of CCJ?

Dictionary Definition


In England and Wales, County Court judgments are legal decisions handed down by the County Court. Judgments for monetary sums are entered on the statutory Register of Judgments, Orders and Fines, which is checked by credit reference agencies to assess the credit-worthiness of individuals.


Full Definition of CCJ


A CCJ can seriously harm your credit rating

CCJ is an abbreviation of County Court Judgement, which is a court order made when a creditor successfully argues that you have defaulted on a debt.

The order will state how much you owe to the creditor, and will also detail a repayment schedule which the court decides on after taking into account your financial circumstances.

A CCJ has very serious consequences for your credit rating and will remain on your credit file for 6 years regardless of whether you clear the debt or not.


Cite Term


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https://payrollheaven.com/define/ccj/
Modern Language Association (MLA):
CCJ. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 05, 2020 https://payrollheaven.com/define/ccj/.
Chicago Manual of Style (CMS):
CCJ. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/ccj/ (accessed: December 05, 2020).
American Psychological Association (APA):
CCJ. PayrollHeaven.com. Retrieved December 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/ccj/

Definition Sources


Definitions for CCJ are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th April, 2020 | 2 Views.