Hire Purchase Agreement
What is a hire purchase agreement? A hire purchase agreement is a way in which you can purchase a car on finance, i.e. you are provided with the car but you have not as yet bought it outright. For a … 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 →