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 →
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 →
