Older People Struggle With Debt

More news Number of Scots going bankrupt hits record high People in their early thirties have biggest debts and are most likely to miss repayments Debt firms told to drop misleading TV and radio advertising Bailiffs to get more powers but not much needed regulation Citizens Advice warns Record number of people going bust - and it's set to get worse	Number of CCJs issued hits ten year high The number of County Court Judgements - or CCJs - made against individuals in England and Wales rose to a ten year high in the first quarter of 2007 according to the latest figures from the Register Of Judgements. A County Court Judgement is an order made by a County Court for a debt to be repaid and a total of 247,187 CCJs were issued against individuals during the first three months of the year - the highest quarterly total since 1997. The total number of CCJs issued in the first quarter, including those served on businesses, was 296,841 - 9.1% up on the same period in 2006. The Registry Trust was founded in 1985 to administer the Register of Judgments, Orders and Fines on behalf of the Lord Chancellor. It estimates that around 70% of CCJs issued against individuals are credit related - the remainder are issued on behalf of DVLA, Revenue & Customs and the water companies. Total judgments, commercial as well as consumer, were up by nine percent. Registry Trust estimates that around 70 percent of judgments are directly credit related; the rest are issued by the DVLA, water companies or Revenue & Customs (HMRC). “Lenders are increasingly using the court route to deal with unsecured debts," said Malcolm Hurlston, chairman of Registry Trust. "A judgment opens the way to further action such as a charging order. The dominant trend is upwards in consumer judgments and this quarter’s record numbers give a warning to unsecured borrowers that their credit ratings are at risk and further proceedings are only a step away." May 31st , 2007

More news

Number of Scots going bankrupt hits record high

People in their early thirties have biggest debts and are most likely to miss repayments

Debt firms told to drop misleading TV and radio advertising

Bailiffs to get more powers but not much needed regulation Citizens Advice warns

Record number of people going bust - and it's set to get worse

Number of CCJs issued hits ten year high

The number of County Court Judgements - or CCJs - made against individuals in England and Wales rose to a ten year high in the first quarter of 2007 according to the latest figures from the Register Of Judgements.

A County Court Judgement is an order made by a County Court for a debt to be repaid and a total of 247,187 CCJs were issued against individuals during the first three months of the year - the highest quarterly total since 1997.

The total number of CCJs issued in the first quarter, including those served on businesses, was 296,841 - 9.1% up on the same period in 2006.

The Registry Trust was founded in 1985 to administer the Register of Judgments, Orders and Fines on behalf of the Lord Chancellor. It estimates that around 70% of CCJs issued against individuals are credit related - the remainder are issued on behalf of DVLA, Revenue & Customs and the water companies.

Total judgments, commercial as well as consumer, were up by nine percent.

Registry Trust estimates that around 70 percent of judgments are directly credit related; the rest are issued by the DVLA, water companies or Revenue & Customs (HMRC).

“Lenders are increasingly using the court route to deal with unsecured debts," said Malcolm Hurlston, chairman of Registry Trust. "A judgment opens the way to further action such as a charging order. The dominant trend is upwards in consumer judgments and this quarter’s record numbers give a warning to unsecured borrowers that their credit ratings are at risk and further proceedings are only a step away."

May 31st , 2007

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