Here is the document Judgement for Claimant, where the claimant has objected to the rate of payment offered. (click on image to enlarge) So as a result of this Court has ruled that the full amount is to be paid … Continue reading →
County Court Claim How to Respond If you have received a County Court Claim form similar to the one shown below, you do still have time to respond if you cannot afford to pay the full amount that they are … Continue reading →
What is a Full and Final Settlement A full and final settlement is an arrangement to settle a debt or a loan in one lump sum payment. It is a type of debt relief that is usually used when a … Continue reading →
Have you just received a Count Court Claim form, and don’t know what to do? Here is a County Court Claim Form from MBNA Europe Bank Ltd, via their solicitors Optima Legal Services Ltd. In this particular case we are … Continue reading →
How Much Can You Settle a Debt For in Full & Final Settlement Well, as you can see in this particular case, a debt of £11,160 was eventually settled for £2,812 in a Full and Final Settlement. This works out … Continue reading →
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 →
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 →
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 →
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 →
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 a lien on the asset … Continue reading →
This is a simple guide to help you understand the credit process. In England in times gone by, people who owned gold would often deposit it with their local goldsmith for safekeeping. In exchange for this, the depositor was given … Continue reading →
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 →
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 to settle the debt. The creditor must agree … Continue reading →
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 →
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 →
