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Money currently owed to creditors in County Court Judgments across the UK stands at a whopping £779m for the third quarter of 2008 - with more people less willing to meet their financial responsibilities.

According to Callcredit, this is an increase of £45.6m in just one quarter - and an increase of more than £100m on 2007 figures - but individuals are less willing or able to settle these mounting debts. This might be due to bad financial management, ignorance or sheer pig-headedness.

This is not what those with CCJs should be doing – paying a judgement has to be paramount, as non-payment means further bad debt and even more restrictions for those looking to borrow.

There are mortgages out there for those with CCJs – but someone who is not willing to pay them is a lot less likely to be offered a deal by a lender. Mortgage lenders want people paying off debts, trying to save money and doing all they can to get out of financial difficulty. So to be sure of any sort of finance, don’t let yourself become another debt statistic.

To Keep up with news and comments on the current adverse credit market please visit the Adverse Mortgage Blog.