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 →
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 →
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 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 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 →
