CCJ Mortgages
Having a CCJ Mortgage on your credit report can be extremely difficult for you. A CCJ mortgage or county court judgment against a mortgage happens when you have missed payments on your mortgage. It is extremely easy for a CCJ mortgage to appear on your record. In fact it can take only one missed payment to have the mortgage company file for a county court judgment against you. This type of mortgage will affect your ability to get a new mortgage later down the road.
Most often with CCJ mortgages you have to pay the debt off in thirty days upon receiving the judgment to clear it off your record. If you do not have the ability to pay off the debt you will have the CCJ mortgage on your record for six years. Most mortgage companies will not want to loan you money during this time period. There are a few that will give you mortgages with high interest rates and monthly payments; however you will need to research these fully. You can work to get the CCJ mortgage off your record by working with the Clean Slate Mortgage companies. If the CCJ mortgages on your record are in error you can also work to get them removed.
Related posts:
- What Happens If You Do Not Pay Your Mortgage The main reason for anyone to enter into a mortgage...
- Mortgages in the UK You will find there are many options when it comes...
- Interest Rates and The Bank of England The Bank of England has the power to deal painful...
- Mortgage Difficulties When you can’t meet your mortgage payments on a monthly...
- Getting Over Bankruptcy Bankruptcy can be a difficult prospect to move on from...
Related posts brought to you by Yet Another Related Posts Plugin.