The number of county court judgments (CCJs) against consumers in England and Wales rose to the highest level in over a decade during the first quarter of the year, according to figures released today by Registry Trust.
Commenting on the figures Pearse Flynn, Chief Executive Officer of Creditfix said “Any rise in the number of County Court Judgements (CCJ) being registered against consumers should be cause for concern – but one as large as 35 per cent in the space of a year, and nearly 50 per cent in two years, could point towards a more aggressive shift in the way that creditors are chasing outstanding debt.
“The statistics seem to show that creditors are getting tougher with an increasing number of individuals. It looks like they are working harder to pursue debt to a judgement, and taking action with more people. This is supported by the average size of a CCJ falling 17 per cent in a year, to a historic low of £1,495. “CCJs can have a detrimental effect on people struggling with their finances, not just on their ability to obtain credit, mortgages or tenancy agreements, but also on their mental health and wellbeing. It can be very stressful for people trying to keep their heads above water, and if lenders are actively ‘toughening up’ and taking a harder line, I would urge them to first ensure they offer all the support they can to help people struggling with their personal finances.”
- Total: 298,901 (up 35 percent)
- Value: £447m (up 13 percent)
- Average: £1,495 (down 17 percent)
- Total: 35 (down 26 percent)
- Value: £15.6m (down 58 percent)
- Average: £446,308 (down 44 percent)