Right now across the UK, County Court Judgments debt between July and October 2008 stands at a huge £779m.

This doesn’t have to be like this – there are literally trillions of pounds in equity in people’s homes just waiting to be used to help solve the debt crisis.

According to Callcredit, this is an increase of nearly £50m in just three months – and an increase of more than £100m in a year. The group says that this number is rising because more people are unable, or unwilling, to meet the demands of the creditors and the judges.

And things will get worse as the UK slips into a recession and more jobs are lost. If you think you may soon become one of these people that are stuck with debt demands from courts, see if you can use some of your home’s worth to help clear credit cards, store cards and bills. Because an ignored CCJ will turn into a big problem very quickly – and it needn’t be a big problem.

A secured loan can not only clear CCJs now, but can help make sure that your creditors never have to go to a judge to get paid ever again – you can use the time and space to meet demands and get on top of debt.

To keep up with the latest news and comments on current financial affairs please visit the Secured Loan Blog.