CCJs up 9.5% on last year

In addition, the Registry Trust has released figures that show the number of CCJs issued hit a ten-year high in the early part of 2007 as consumers across the UK struggle to deal with their debt management problems.

Estimates from the Registry Trust indicate that around 70 per cent of all CCJs served in between January and March this year were directly linked to consumer credit issues.

“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,” said Malcolm Hurlston, chairman at the Registry Trust.

Meanwhile, the accountancy firm KPMG anticipates that more than 130,000 people in England and Wales will apply to enter an Individual Voluntary Arrangement (IVA) over the course of this year.


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