Debt Judgments against Northern Irish consumers rise

20th October 2021

The number of debt judgments registered against Northern Ireland consumers in Q3 2021 was 755, a rise of 24 percent from the 608 in the same period last year, according to figures released today (14.10.2021) by Registry Trust. But, it is worth noting that numbers are still well below the highs seen before Covid struck.

The rise in the total value of judgment debt owed was much bigger, up 66 percent from £1.6 million in Q3 2020 to £2.7 million in Q3 2021. The average value of consumer judgments was one third higher, at £3,570 compared to £2,674 last year. The median value was also up, by 35 percent, from £1,001 to £1,347. This suggest creditors are taking out more larger judgments against consumers.

Registry Trust Chair, Mick McAteer, said: “We saw another large rise in the number and value of judgments against Northern Irish consumers in this quarter compared to the same period last year. At that time, interventions by government and regulators, and forbearance by creditors, in response to the Covid crisis had kept judgment numbers at historically low levels. But, as these measures were wound down, numbers have begun to rise again. However, while numbers are rising, there is still some way to go before they reach pre-Covid peaks.”

Q3 2020 Q3 2021 Change (compared with 2020)
Judgments against consumers
volume 608 755 24.2%
total value £1,625,971 £2,695,673 65.7%
average* value £2,674 £3,570 33.5%
median value £1,001 £1,347 34.6%