The problem with credit checking
Introduction
How many sales do companies lose, due to credit companies turning down prospective customers because of an outstanding County Court Judgement or default notice.
How many then express surprise when the bad news is imparted?
Believe it or not, most of that surprise is genuine. There are many thousands of folk out there who are un-aware of a CCJ against them.
How can this happen?
One of the reasons for this, is the modern computerised accounting used by the larger commercial organisations. If an unfortunate individual does not receive the invoice or paying-book in time to settle up before the computer starts its monthly run, then the summons can be automatically served from the computer printer.
Even though the money is paid, the CCJ stays on record - more often than not, un-beknown to the client concerned.
It only comes to light, sometimes years later, when credit is sought.
Unfortunately, some of the larger public utility companies do not consider it to be in their best interest to agree to a 'set aside', even when the debt is cleared.
So where does that leave the likes of the innocent consumers who are then denied the opportunity of an honest transaction?
By following the instructions in this section, you can, through the courts, using the due legal process laid down for these cases, have some 90% of all CCJ's regardless of their origin, legally "set aside".
They are then automatically removed from the records of the credit agencies.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]