How do you qualify for CCJ loans with no guarantor?

Loan-Store UK

CCJ? Oh ooo.... quite a frightening and stubborn situation. Things turn into impossibilities when CCJ i.e. County Court Judgement follows you for 6 long years. When you have to take a loan with this, only God can help. However, practically it is impossible to qualify for any loan with CCJ tag but as a part of the reforming tools, some choices are there.

CCJ loans with no guarantor by direct lender

New age lending provides escape windows for some most pathetic financial circumstances and CCJ loans with no guarantor by direct lender are among them. These loans are customised according to the financial capacity of the borrower. The instalments are small to let the customer pay them on time and improve credit rating.

The approval decision comes instantly and fund disbursal too happens online. 100% online loan procedures make the borrowing easier which saves lot of time and effort. Also, no physical verification is involved, the required conversations are done on phone.

You need to tell about the progress in the CCJ issue

If you really want the lender to consider your loan request then tell about everything in the CCJ case. You may need to give clarity on the following points.

  • How did you respond to the CCJ claim form letter?
  • What is your deadline to reply?
  • Did you keep the terms of the CCJ? If NO, then why?

CCJ is an extremely stressful condition but it is equally stressful for the loan companies. They are providing funds as they have ‘very bad credit loan’ as the product, despite of that they need to take care of a few things. Depending on the answers of the above questions, the decision on your application comes.

Now show whatever you have in the name of affordability

Once the situation on your CCJ claim is clear, it is time to show the lender that you can repay the loan. This is the most important thing for a loan company no matter how flexible it is. Factors that prove affordability are - Income status, Bank statements, Rental/additional income (if available).

No obligation but it is optional if you face difficulty in qualifying

There are no obligations of guarantor and collateral. However, in case your affordability for a particular amount fails to prove itself you can provide any of these two and then lender too has no issues. When it comes to difficult situations, solutions are all about adjustments and smart tricks to turn the conditions in your favour. The very bad credit funding is obligation-free but you need to have at least good repay capacity. If even that is not strong to qualify for your desired amount, how a lender can even think to offer you funds? This is where the role of security and guarantor prove its importance. By providing any one from these two, the lender has something to rely on. In case of any default, at least something is there to chase on.

Improving current financial behaviour is a good option

CCJ is replica of an ultimate crisis but something is there that can calm down its aggressive nature. With that, you can take loans. Try to be good in your current financial behaviour. Pay bills on time, do not miss instalments, pay rent on time and everything in the name of obligation should be done on time.

This may not give much boost in the credit rating but it can certainly help you make the lender change mind on your loan request. This shows that at least you are trying best to make things better again. Besides, not always having a CCJ issue is the fault of the concerned person.

Situations sometimes are the main culprit, for instance a big economic turmoil in the country that shook the roots of the economy. Brexit is the recent example in which many companies and employees saw the uncertainty and lost grip on their growth.

The CCJ loans with no guarantor by direct lender can support in tough times. However, you need to know how to apply in the right way as in CCJ denotes very bad credit situation. In this circumstance, there are no second chances and whatever you do should go right in the very first effort. By the way, one suggestion at the end is – try to search for no credit check CCJ loans to prevent search footprint on your credit file.