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Hello all
I was previously self-employed as a sole trader prior to 2020. The business failed, and I accrued debts of around £15,000 which I have a plan to pay off and am doing so, slowly but surely (I am now in full-time employment).
Unfortunately, another creditor, a previous supplier of mine for which I owe unpaid invoices to, has got a commercial debt recovery business involved with my case, who have in turn started legal proceedings against me. I have received a court claim form.
The unpaid invoices total £5,000. With court costs, interest and other fees, the commercial debt recovery company are claiming £7,000.
I cannot afford to pay this off in one go. I am happy to pay in small instalments until my financial situation improves, but what is really important to me right now is that I do not get a CCJ against me, affecting my credit score.
I cannot pay the full amount in one lump sum, and from what I understand, even offering to pay the amount by instalments will result in a CCJ against me. Is there really no way to avoid a CCJ at this stage without paying off the full balance of £7,000 in one go?
I was previously self-employed as a sole trader prior to 2020. The business failed, and I accrued debts of around £15,000 which I have a plan to pay off and am doing so, slowly but surely (I am now in full-time employment).
Unfortunately, another creditor, a previous supplier of mine for which I owe unpaid invoices to, has got a commercial debt recovery business involved with my case, who have in turn started legal proceedings against me. I have received a court claim form.
The unpaid invoices total £5,000. With court costs, interest and other fees, the commercial debt recovery company are claiming £7,000.
I cannot afford to pay this off in one go. I am happy to pay in small instalments until my financial situation improves, but what is really important to me right now is that I do not get a CCJ against me, affecting my credit score.
I cannot pay the full amount in one lump sum, and from what I understand, even offering to pay the amount by instalments will result in a CCJ against me. Is there really no way to avoid a CCJ at this stage without paying off the full balance of £7,000 in one go?
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