Payday Loans with CCJs

If you have a CCJ in your credit profile, this means that you defaulted on a loan before. The lender then tried to collect the money that you owe them through court order or a CCJ.

So, applying for payday loans with CCJs, you will find that the criteria can often be a bit stricter.

What are CCJs?

A CCJ or County Court Judgement is a type of court order in England, Wales and Northern Ireland that can be issued against a debtor’s name if they fail to make debt repayments correctly.

One could receive a County Court Judgement when they’re not able to keep up with the repayments on money owed, or they haven’t reached an agreement with their creditors to make up the missed payments.

CCJ Payday loans for Emergency Situations

While taking out the loan is relatively quick and easy, you will still need to show lenders that you have the ability to make the proper repayments.

If your income checks affordability, your chances of getting approved are high even if you have a CCJ. This makes the loan a great solution if you need funding right away and have been rejected by banks and other traditional lenders.

This is because lenders providing CCJ payday loans are more interested in whether you can pay off the loan rather than your past history.

Perfect for Small Amounts

Obtaining small amounts of money without delay is not always a walk in the park. Banks are willing to provide large loans, sometimes more than what you need, rather than a few hundred pounds.

They may also offer you a large loan only if you secure an asset like your home against it. Some of the advantages of payday loans include:

Basic Requirements. You only need to be at least 18 years of age, a resident of the UK, have a bank account, and possess an income that can afford the small loan.

Quick Approvals. Once you are approved, the money that you require will be deposited into your bank account on the same day you made your application.

How PM Loans Can Help

As a responsible lender, we will not encourage you to get into more debt. However, equally, we understand that sometimes people need fast loans to enable them to get back on their feet.

At PM Loans, we are in the business of offering loans to people that need it and can afford to make the repayments.

For more information contact us or apply online below, today.