Eviction Stopped!
How to Stop an Eviction I had previously posted this on another site, but I think it is worth posting on this site. I was contacted on two occasions this week, on call was from Martin Xx who is based … Continue reading →
Category Archives: Debt
Debt of £5924 Settled for £1491 in Full & Final Settlement
What is a Full and Final Settlement A full and final settlement on a debt is an agreement between a debtor and creditor in which the debtor agrees to pay a lump sum amount to settle the debt in full. … Continue reading →
What is the Right Debt Solution For Me?
DMP Gives You Time to Think A debt management plan (DMP) can be a short-term solution for those struggling with debt. It allows you to make one reduced payment to a debt management company, who will then distribute the money … Continue reading →
Get Your Debt Written off
Companies Claiming to Get Your Debts Written Off Every so often, there are companies that will claim that they can get your debt written off. The reality though is, debts just can’t be written off, unfortunately there is no magic … Continue reading →
What is a Charging Order
What is a Charging Order? A charging order is a legal process used to secure a debt owed to a creditor. It is a way for a creditor to secure a debt against an asset. The charging order essentially puts … Continue reading →
What is a Default Notice?
All credit applications (e.g. personal loans, credit cards or store cards) taken out in the UK are regulated by the Consumer Credit Act 2006. This legislation requires that creditors must send a Default Notice to any customer who has fallen … Continue reading →
What are Full and Final or Short Settlements?
What are Full and Final or Short Settlements? A full and final settlement for debt is an arrangement between a debtor and creditor where the debtor pays a lump sum that is less than the total amount owed in order … Continue reading →
What is a Debt Management Plan?
A Debt Management Plan (DMP) allows the client to repay what they can afford to their creditors on a monthly basis. This is a repayment plan that allows the client to repay their debts on a pro-rata split, according to … Continue reading →
Debt of £7,770 Settled for £2,625 in Full & Final Settlement
Debt Settled Full and Final Settlement Equidebt Below you will see a full and final settlement was achieved with Equidebt. A full and final settlement on a debt of £7770 for £2625 was achieved by negotiating with the creditor. The … Continue reading →
Credit Card Debt Explained With a Glass of Water
This is American, but explains in simple terms what happens if you just pay the minimum payments each month! How Minimum Payments Won’t Get You Out of Debt If you happen to have a fairly large amount of credit card … Continue reading →
Statute of Limitations: The Law Relating to Debts
In the UK, the statute of limitations is a legal term that refers to the time period within which a creditor must take legal action to recover a debt. Once the statute of limitations has expired, the creditor can no … Continue reading →
Prioritise Your Debts
What are Priority Debts Priority debts are those debts that take precedence over other debts. These debts typically include rent, mortgage payments, utilities, taxes, and court-ordered payments, like child support. It’s important to pay these debts first as they often … Continue reading →
Confirmed Resident
Confirmed Resident Letter Received from a Creditor You have received a confirmed resident letter from a creditor, what does is actually mean? It could be that the creditor has done a bit of detective work and actually found the address … Continue reading →
Pre-Bailiff Visit
Pre-Bailiff Visit Letter On occasion, creditors have been known to send our pre-bailiff letters, in this case; “I have called on a Pre-Bailiff visit on behalf of CL Finance, but was unable to make contact with you. Please telephone me … Continue reading →