Representative Example: Amount of credit: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.
Legal Information – Representative Example: £15,000 borrowed for 24 months. Total amount repayable is £15,939.20 in 24 monthly instalments of £664.13. Interest charged is £939.20. Interest rate 5.9% pa (variable), min 3.1% APR, max 1326% APR, min and max term: 12-60 months.
Legal Information – Representative Example: Amount of credit: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.
A CCJ loan allows you to borrow money even if you have had a CCJ in the past or currently have one open. A CCJ refers to a ‘County Court Judgement’ which is a court order for not paying back a loan or financial product.
Once all forms of collection have not been successful (emails, letters), a lender can take you to court and you are given a CCJ on your credit file which lasts for 6 years. A CCJ becomes ‘satisfied’ if it has been paid, or it remains ‘dissatisfied’ if it has not been paid.
There are a number of UK lenders who willing to offer CCJ loans and they consider that an individual’s person circumstances can change and provided they meet the eligibility criteria, can still borrow £100 to £5,000.
Badger Loans is an authorised broker who works with over 40 different lenders in the UK, many of whom are willing to offer loans for CCJs.
Using our loans matching technology, we are able to match your application with the lender most likely to approve you.
Whilst some direct lenders may be reluctant to lend to people with bad credit, we offer a simple and practical way to find the best lender for you, without having to apply with lots of different companies and make lots of applications.
Best of all, there are no upfront fees for applying and we will not pass on your details to any other lenders or companies without permission.
To be eligible for a CCJ loan, you will need to demonstrate your ability to repay your loan on time. Most lenders want to see that you have a stable job in place and are earning consistently every month – since this will be used to pay off your monthly repayments.
In addition, you should avoid having too many other loans open since this can put you at a higher risk and make you less desirable to other lenders.
Customers can apply to borrow up to £5,000, repaid over 2 to 60 months. Usually having some form of a security such as a guarantor will help you boost the amount you would like to borrow. Otherwise, it will be based on your income, affordability and how much you can afford to borrow without falling into financial difficulty.
Yes, we work with CCJ loans direct lenders, so once you have completed our online application, you will be working with the lender directly. This means that the underwriting process, the funding, all repayments and future correspondence will be handled by the lender we match you with.
Yes, it is possible to be approved for a CCJ loan with no guarantor involved, but since guarantor loans are popular for people with bad credit, you will be required to meet the other criteria such as having a stable income and low debt-to-loan ratio.
Our entire loan application is completed online and you can get an instant decision in less than 5 minutes. You will be required to enter your details using a desktop, mobile or tablet and you can apply 24 hours a day, 7 days a week.
We ask you to include your name, age, address, income, expenses and bank details, so the lender knows where to send your funds too. The lender you have been paired with may carry out some additional checks and if successful, you can usually receive funds on the same day of applying.