CCJ & Interest Post-judgement

[mkb]

CCJ claim for £1900 against me which is all above-board & which I will be admitting in full BUT I have a query on the interest element.

 

The agreement did allow post-judgement interest & they have indicated that this will be charged.

 

My circumstances however means I can only offer a token £5pm so if the interest goes on, I will never ever be clear of this debt

 

Is there anything I can do about this to stop the interest being applied? Does a judge even look at the paperwork if an admission is made and assess the repayment situation given that the 9NA goes to the OC?

[supasnooper]

As far as I'm aware, if the creditor is entitled to post judgment interest and has notified you, then they will apply it.

 

I very much doubt the creditor will stop applying the interest.

 

A Judge will look at the paperwork as they do not want the system being cluttered up by applications for variation or redetermination by both sides.

[mkb]

Ok thanks for your help

 

Looks like I'll be owing money even when I'm dead n gone

[supasnooper]

I must add that this can only applied on judgments after the Consumer Credit Act 2006 came into force and they must notify you of their intention to add the interest.

[mkb]

I must add that this can only applied on judgments after the Consumer Credit Act 2006 came into force and they must notify you of their intention to add the interest.

 

 

That is very interesting!

 

The agreement is a hire agreement regulated by CCA 1974 but does have the clause re interest in it. The DN also refers to CCA 1974.

 

Does this change my position at all?