Skip main navigation

CCJ Loans

If you’ve had a County Court Judgement (CCJ) registered against you within the last 6 years, you may find it more difficult, or more expensive to find a loan. We specialise in helping people with CCJs by finding CCJ loans, even if you’ve been rejected by other lenders.

  • Personal or homeowner loans available
  • Loans for almost any purpose, including CCJ loans
We have 2 types of loan you can choose from. A personal loan from £1,000-£10,000 or if you’re a homeowner, a secured loan from £10,000-£100,000.
Are you a homeowner?
You can also borrow this amount as a secured loan, available over 3 to 25 years. Would you prefer this?

Personal loans: APR Representative (variable) Secured loans: 9.1% APRC Representative. You must be a homeowner to apply.

Coronavirus (COVID-19) update

Due to the recent coronavirus (COVID-19) outbreak, some lenders have temporarily paused offering loans through Ocean Finance to the market. We’ll be able to match you to loans still available, but there may be fewer options than normal.

Can I get a loan with a County Court Judgement (CCJ)?

There’s no use in sugarcoating it, being accepted for a loan when you have a CCJ against your name can be tricky, but it’s absolutely achievable and there are lenders and credit brokers (i.e Ocean Finance) who specialise in lending to people with CCJs.

The reason they make taking out credit tough is that, to lenders, it’s a red flag. If you have an unpaid debt, it shows that you’ve not managed money well in the past. And that kind of uncertainty doesn’t always bode well with them.

Before you consider taking out a CCJ loan the first thing to ask yourself is a) do you really need it? And b) can you afford to repay it? If the answer’s anything other than an instant yes, it might be worth holding off until your financial situation and credit score have improved.

How to get a loan with a CCJ

The application process works much the same as with any other type of loan. Start off by doing your research and finding lenders who’re more likely to accept you.

Then, you’ll be asked a few standard questions like:

  • How much do you want to borrow?
  • How long do you want to borrow it over?
  • What are you planning on using the money for?
  • What’s your name?
  • What’s your address?
  • What’s your employment status?
  • What’s your residential status?

And so on.

With that info in tow, with us, you’ll be able to find out if you’re accepted or rejected on the spot, and without impacting your credit score.

From there, it’s a case of choosing a deal that’s right for you and completing the rest of the application form - the exact steps for this will vary depending on whether it’s a secured or unsecured CCJ loan.

No matter which type of loan you choose, the lender will complete a full credit check after you apply. Depending on if you have bad credit, a CCJ or any other serious money problems, you will be offered a higher interest rate than with traditional loans. The creditor may also look at your outgoings to see how much they think you will be able to confidently repay each month. The lender does not want to give you a loan that isn't comfortably repayable as they don't want you to get into more debt.

Get a quote

What to do if you have a CCJ

Nobody wants a CCJ against their name but there are things you can do while it’s hanging over your head to improve your credit position, like:

  • Making sure you stick to any outstanding debt payments on time and in full - without fail.
  • Checking you’re on the electoral roll and if you’re not, doing something about it.
  • Keeping an eye on your credit report for any mistakes. If you see anything out of place make sure you dispute it - you can find out how to do that here.
  • Reducing other lines of credit as much as you can.
  • Stopping making lots of credit applications. The more times you try to apply for credit in a short space of time the more damage you’ll do to your score.
  • Sticking at the same address. Lenders like to see borrowers are secure and regularly changing postcode can go against that.

See what our customers say about us

You want great service, who wouldn’t? Well, we’re proud to deliver
nothing short of excellence and our customers seem to agree!

Take a look at genuine reviews from our happy customers who we’ve helped get accepted for an Ocean credit card, loan or mortgage.

Feefo logo

Will a loan affect my credit score?

The act of taking out a loan itself can temporarily affect your credit score (whether it’s a CCJ one or not) and the reason for this is the lender will have pulled your credit report before deciding to accept you, and this inquiry leaves a mark on your report.

There are a couple of things to remember with this:

  • The better your credit file, the shorter-lived the damage, and
  • The more hard inquiries on your report the lower it’ll drag your score.

To avoid inquiries hindering your loan-hunting efforts, you should:

  • Only apply with lenders who’re likely to say ‘yes’
  • Apply for an amount that you are confident you can repay
  • Make the most of providers’ soft search facilities.

After the initial dip, providing you stick to all your monthly repayments on time and in full, a CCJ loan could actually improve your credit score if you start proving you can be reliable and responsible with money.

Get a quote

How much can I borrow?

It depends on which type of CCJ loan you apply for. Here at Ocean, you can borrow between £1,000 and £10,000 with a personal CCJ loan and £10,000 and £100,000 with a secured CCJ loan.

One thing to bear in mind when applying for a CCJ loan is that the interest rate you’re offered is likely to be higher - whichever type you go for, and that’s because the best interest rates are saved for people with the best credit histories.

Why? Steep interest rates reflect the level of risk lenders are taking by accepting someone with a bad credit history and the worse the record, generally speaking, the higher the interest.

Other types of loans we offer