The Pitfalls To Look Out For In Debt Management
If you didn’t already know it – debt management is a huge growth industry. There are more of us experiencing debt, and there are more of us who are experiencing the pain of repaying that debt. As with all growth industries though, there are some who are involved in debt management who have less scruples than others do. For this reason, it is always helpful to keep one eye open for some of...
Read MoreDealing with debt collectors
Debt collection agencies are leeches who make no positive contribution whatsoever to society. The finance industry is morally degenerate, banks and credit card providers want to have their cake and eat it. If they make a mistake the taxpayer pays for it. However if you make a mistake you pay for it big time. If the banks were prepared to work with people in financial trouble, so many problems...
Read MorePaying back CCJs?
I have been paying back a county court judgement (ccj) for over 2 years. I now want to pay it back completely to allow my credit score to start improving, will this work or am I best off just paying it back monthly which will take me 2 more years? The reason I want to improve my credit score is that my mortgage fixed term ends in 2 years and I want to get a good rate if I change lenders. Could...
Read MoreMortgage company debt
Can a mortgage company ask for a debt be repaid that is over 10 years old since anythings been paid? Answer They can ask you for the money at time, until the debt is cleared. However, under the Statuate of Limitations Act, if there has been no contact between a debtor and a lender for a solid period of 6 years, then the debt can no longer be taken to court to get payment. As a result, if the...
Read MoreDebt is this right?
Does debt cease to exist if 6 years have passed since it was last asked for? Answer The debt does not cease to exist, however after a solid period of 6 years of no contact between the debtor and lender the debt becomes statuate barred. This means that although the debt still exists, the lender cannot take the debtor to court to recover the debt. In real terms this means that if the debtor refuses...
Read MoreHow do you clear a bad credit history from my current address?
The previous people who lived here before me were in so much debt they had a bad credit history.Whenever I want to get a catalogue or anything similar they wont let me as they just look at the address. Is there anyway I can clear it from my address so i can get catalogues? Answer Although years ago bad credit history was linked to an address, and a person with bad credit living there could affect...
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