Questions about Debt answered by someone who has experience of being in debt.
If you are dealing with debt and trying to arrange affordable repayments, you will almost certainly need to complete an Income and Expenditure form. This document simply lists: The money you have coming in The money you need to spend on essential living costs The money that is left over to pay your debts Income…
You are being charged for your Debt Management Plan because you are most likely using the services of a company who provide this plan on your behalf. Typically these Debt Management companies will take a percentage of your monthly payment meaning not all the money you pay is going towards paying off your debt. Depending…
A number of people have found my Blog by typing in this search term through Google Search. The short answer is yes, you can contact a debt collection agency by e-mail. 10 years ago, it was much more difficult, but things have moved on considerably since then and the debt collection agencies have caught up…
Debt Consolidation is one method you can use to help you take control of your debt. In some cases a Debt Consolidation Loan makes sense and in other cases it could make your problem worse. In this post I look at Debt Consolidation and provide information on what to look out for, including help if…
In England a CCJ or County Court Judgment is an order by the court for you to repay an amount of money you owe to a creditor. A CCJ is usually used as a last resort when a creditor has been unable to agree a repayment of a debt. A CCJ will be entered in…
In the UK, a Default Notice is issued when the relationship between you and your creditor has broken down. In simple terms, it means you’ve fallen behind on your repayments and the lender is now formally warning you that the agreement is at risk. This usually happens after three to six months of missed or…