At One Stop Money Shop, we are able to take a view on people who have had CCJs in the past or have a history of bad credit. If you have a stable employment, regular income and are committed to making your monthly repayments on time, we can help you borrow between £400-£2,500 today. We offer same day approval for those loans that are approved before 3:30pm and our entire application process is online.
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A CCJ loan refers to a loan that is available for people, even with a County Court Judgement, known as a CCJ.
If you have previously defaulted on a personal loan or other financial product, you may have been taken to court by the provider to recover their funds.
In the process, you may have been given something known as a “CCJ” and this is placed against your name and your credit report for 6 years to make this information known to future lenders and credit providers.
However, simply because you have a CCJ does not mean that you are unable to borrow money in the future. An individual’s circumstances can certainly change in 6 years and if you have stable and regular employment and can afford to make repayments, you can certainly be eligible to borrow money with a CCJ.
At One Stop Money Shop, we are open-minded and will look at several other factors to determine your eligibility for a loan. We will do our very best to help you get the funds you need, whether it is for an emergency or important expense.
Yes, you can still be eligible for a loan even with a CCJ. Typically personal lenders are more restrictive for people looking for loans with bad credit or those with CCJs and IVAs.
However, The One Stop Money Shop is willing to consider every customer on a case-by-case basis and will look at factors such as income, employment, residential status, recent credit history and the number of years remaining on your CCJ. With CCJs lasting 6 years, whether you are right at the beginning or end of this term could influence your final decision.
You will certainly need to demonstrate an improvement in your credit score and recent repayment history for things like credit cards, bills and other financial liabilities.
For some lenders, they are more careful when lending to people looking for CCJ loans and you may require a guarantor or security such as your home or car to be eligible.
At One Stop Money Shop, our loans are unsecured and do not require a guarantor or any security attached to the loan. Therefore, your loan application can be approved based on your income, credit score and affordability and you can receive your loan in one lump sum.
Customers can borrow £400-£2,500 over 6-24 months, with the option to repay in equal monthly instalments. This helps you spread repayment over time to give you extra flexibility and breathing space. You always have the option to repay your loan early and this will save you money on the overall interest accrued. All loans are transferred directly by us in one lump sum to the approved customer. Note that late fees will apply for missed repayment and this could negatively impact your credit score.
Representative Example: £500 loan repayable over 12 months £81.25 per month total amount payable £975.00. Representative 295.60% APR
Yes, we offer CCJ loans without guarantors, so you do not require an extra person to co-sign your loan agreement or cover repayments on your behalf. Our loans are unsecured and are submitted by you and you only, with no other parties involved.
We have been operating in the short term loan space for more than 20 years. We started in 2002 as a credit broker and became a direct lender in 2005. We are fully licensed and regulated by the FCA under license number 713424 and are very committed to responsible lending.
We offer a completely online loan application which can be completed in under 5 minutes and can provide funds on the same day following approval. We lend directly, so that your funds can be released quickly and sometimes within just 1 hour.
To protect your credit score, we run soft credit checks, so whilst we determine your eligibility for a loan, it will not impact your credit score. Lastly, there are no fees for applying and all decisions are made completely free.
Complete a quick Online Application in just 5 minutes for instant provisional approval.
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To apply for a CCJ loan, you need to meet the following criteria:
Our entire process is online and can be completed by desktop, laptop, mobile or tablet 24 hours a day, 7 days a week.
We require you to complete some basic details including your name, address, DOB, contact details, income, expenses, the amount you would like to borrow and how long for.
We review your application and make sure that it is the right fit for you, including the loan amount and rates offered. Whilst a lot of our processes are fast-tracked, we may request a phone call or proof of income and employment to process your loan application further.
If your application is approved, we will send you a clear and transparent loan offer with all the necessary terms and conditions. All the information you will receive is electronically sent by email and SMS and can be signed online. Take your time to read it carefully before you sign it. Once you sign the agreement, the money will be sent directly to your bank account, usually within the same day or next business day.
Are You A Direct Lender?
Yes, we are a direct lender which means that we will process your entire application from start to finish – including the approval process, distribution of funds and collection practices. You can have peace of mind that The One Stop Money Shop will be taking care of everything and you have one point of contact throughout your loan journey.
How Fast Can I Receive My Loan?
We aim for same day approval with a view to complete and transfer funds to your bank account on the same day (if approved before 3:30pm) or the next working day. If approved on weekends, we aim to send funds as quickly as possible.
Do You Run Credit Checks?
Yes, we run a series of credit checks using Equifax to determine your eligibility for a loan. We run soft credit checks which disappear from your credit report shortly after and will not negatively impact your credit score for future reference.
Will Applying Affect My Credit Score?
No, simply applying for a CCJ loan or any type of loan with The One Stop Money Shop will not impact your credit score. However, if you are approved and miss repayments or cannot make repayments on time, this information will be sent to Equifax and it could negatively impact your credit score.
Are You Regulated?
Yes, we are regulated and approved by the Financial Conduct Authority under registration number 713424. We adhere to the highest standards of Treating Customers Fairly (TCF) to protect customers and exercise transparency.
Are There Alternatives To CCJ Loans?
If you have a recent CCJ and are looking for loan options, you may find that using short term loans may not be for you. Whilst there are opportunities for people with CCJs to access guarantor or secured loans, these may also put your credit score and collateral at risk. For alternatives, you can consider using credit unions or speaking to debt charities and professionals such as StepChange and Citizen’s Advice Bureau.
