HI
New to the forum and first post - looks like a lot of interesting threads here with some great advice.
Anyway, I tried to Google the following but its very difficult because there is so much information on debt related CCJs. Ok, so to my question.....
I have received a small claims court claim which I'm defending. The claim is not for a debt but due to an allegedly faulty product which we're willing to replace but not refund after a long time delay. So this question is, why is it that if I lose this dispute (and obviously I'm hoping not to), then I'd suddenly be labelled as having a CCJ and be unable to get a mortgage for 6 plus years?
I should add, that the amount that the claim is for is tiny (barely more than £100 including costs so far) and _if_ I lose, I'd be in a position to pay it immediately. That said, if I didn't why would this civil dispute potentially cause me difficult getting a mortgage? I can see why in debt-related judgements but I just don't understand why for others?
That example above was all true in my case (unfortunately) but what if someone somehow does something negligant that causes £10million worth of damage that they can't possibly pay and are no insured for that loss. I could see why society might want to punish them for doing whatever they did to act in a negligant way, but why would they immedaitely become a "credit risk" - when what they did had nothing to do with borrowing money and not paying it back.
New to the forum and first post - looks like a lot of interesting threads here with some great advice.
Anyway, I tried to Google the following but its very difficult because there is so much information on debt related CCJs. Ok, so to my question.....
I have received a small claims court claim which I'm defending. The claim is not for a debt but due to an allegedly faulty product which we're willing to replace but not refund after a long time delay. So this question is, why is it that if I lose this dispute (and obviously I'm hoping not to), then I'd suddenly be labelled as having a CCJ and be unable to get a mortgage for 6 plus years?
I should add, that the amount that the claim is for is tiny (barely more than £100 including costs so far) and _if_ I lose, I'd be in a position to pay it immediately. That said, if I didn't why would this civil dispute potentially cause me difficult getting a mortgage? I can see why in debt-related judgements but I just don't understand why for others?
That example above was all true in my case (unfortunately) but what if someone somehow does something negligant that causes £10million worth of damage that they can't possibly pay and are no insured for that loss. I could see why society might want to punish them for doing whatever they did to act in a negligant way, but why would they immedaitely become a "credit risk" - when what they did had nothing to do with borrowing money and not paying it back.
Why are all CCJs lumped together as credit risks?
