It doesn’t matter if you’re someone who borrows money or lends money. It’s crucial that you understand selling debt in the UK. In this guide, we will take you through everything you need to know about it. Starting from how it’s done to what your rights are. With a focus on legal obligations, debtor rights, and the roles of debt collection agencies, we navigate through the often-misunderstood terrain of debt selling in the UK, equipping you with essential knowledge and practical tips. Charlie Walsh Last updated on 8 January 2024 Fact Checked Table of Contents 1. Types of Arrears Sold…
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You’ve probably seen or heard the name ‘Credit Security Limited’ at some point. But who are they, really? And why should you care? Well, let’s dive deep. Charlie Walsh Last updated on 8 January 2024 Fact Checked Table of Contents 1. Who Are Credit Security Debt Collections? 2. A Look into Credit Security Limited’s Origin 3. The Role They Play 4. Their Importance in Today’s Financial Landscape 5. Who Do Credit Security Debt Collections Really Work For? 6. The Big Clients 7. How They Operate 8. The Bigger Picture 9. Is Credit Security Debt Collections Just a Scam? 10. How…
You are not the only one who is puzzled after receiving an NCP Parking Charge Notice (PCN). Keep in mind that receiving a PCN is more than just a ticket. It’s a notification that you’ve strayed from the parking rules set by NCP. But fear not. Understanding a PCN is simpler than you think. In this guide, we’ll unfold the layers of an NCP PCN, explaining what it is, what you find in it, and the crucial steps you can take if you receive one. Whether you choose to pay or appeal, this article is your roadmap to navigating the…
In the complex landscape of financial management, one question often emerges with a tinge of fear and uncertainty: ‘Can You Go to Prison for Debt?’ This concern resonates deeply in the UK, where myths and realities intertwine in the realm of debt and its legal implications. This comprehensive guide aims to dispel misconceptions, clarify legal standings, and provide practical advice for navigating through the often intimidating world of debts, CCJs, and financial obligations. Whether it’s understanding the nature of a County Court Judgment, exploring the legal consequences of unpaid council taxes and criminal fines, or managing interactions with debt collectors,…
Receiving a ‘notice of default’ can be quite worrisome, raising questions and concerns. It notifies you when a payment is late and acts as a reminder to pause and check your financial commitments. Although it could seem unpleasant, this is actually a chance for you to take account of your financial situation. Therefore, in this article, we will cover what a default notice is, how it impacts your credit score, and what you can do to lessen its repercussions. Turning this obstacle into a chance for constructive financial change requires being aware of the UK’s default notice laws and taking…
In order to make financial decisions, it’s crucial to understand various types of loans. However, it’s easy to get confused with the various terms when it comes to dealing with and managing debt. Thus, this guide will take you through the specifics of a non recourse loan, recourse loans, and more. So, stay tuned to find their benefits, risks, and everything you need to know. Jane Rohan Last updated on 5 January 2024 Fact Checked Table of Contents 1. What is a recourse loan? 2. What is a non-recourse loan? 3. What is Non Recourse Debt? 4. What is Recourse…
Lenders always look into the credit history of an individual before they decide to take them as a customer. So this score is what determines if you’re creditworthy or not. This is why it’s crucial that you understand what the average credit score by age is in the UK. So, stay tuned… Jane Rohan Last updated on 5 January 2024 Fact Checked Table of Contents 1. What’s a Credit Score? 2. How Do I Find Out My Credit Score? 3. Does Checking Your Credit Score Lower it? 4. Why is Credit Important in the UK? 5. What are the First…
Receiving a ‘notice of default’ can be quite worrisome, raising questions and concerns. It notifies you when a payment is late and acts as a reminder to pause and check your financial commitments. Although it could seem unpleasant, this is actually a chance for you to take account of your financial situation. Therefore, in this article, we will cover what a default notice is, how it impacts your credit score, and what you can do to lessen its repercussions. Turning this obstacle into a chance for constructive financial change requires being aware of the UK’s default notice laws and taking…
Without question, facing eviction for rent arrears is a difficult circumstance. Because of this, it’s crucial that you comprehend how this method operates. So, stay tuned as we uncover the details. Jane Rohan Last updated on 5 January 2024 Fact Checked Table of Contents 1. Can a Landlord Evict You for Rent Arrears? 2. How Many Months Rent Arrears Before Eviction? 3. What Happens When a Landlord Tries to Evict a Tenant? 4. What you can do once the warrant is issued 5. Getting Out of Overdue Payments 6. How Far Back Can Rent Arrears Be Claimed? 7. Can I…
Charging orders are a critical element that property owners must understand. These legal instruments uniquely intertwine with your property, profoundly influencing decisions about property sales and financial planning. This article aims to demystify charging orders, guiding you through their application process, implications on your property rights, and their long-term effects on your financial health. Whether you’re facing a potential charging order or just seeking to be informed, this guide will provide the clarity and direction needed in navigating these often challenging waters. Jane Rohan Last updated on 5 January 2024 Fact Checked Table of Contents 1. What Is a Charging…