Offer Full and Final settlement payments if you have lump sum of money. Don’t just use it to pay of some of your debts without negotiating with your creditors first. (more…)
You should always avoid debts with your bank where you maintain your current account. This is because your bank can help themselves to money owed to them whether you can afford it or not. (more…)
All a debt collector can do is ask you to pay money. They act on behalf of your creditors. They have no powers.
A bailiff is some who has being appointed by the court for enforce a court order. If the non-payment of a debt has been to court, and you have failed to make payments that the judge considers reasonable, only then can bailiffs become involved.
If a creditor or debt collector calls you and gives the impression they have the power to visit your home and remove belongings, ask them where they are based. Tell them you are going to complain to their local trading standard office about how they are misrepresenting themselves. If they knock at your door, pay whatever you can, or politely explain why you are unable to pay. If they do not leave, or begin to threaten you in any way, tell them you’re going to phone the police, and close the door.
Subscribe to Daily Debt Advice
by a Reader
Subscribe to Daily Debt Advice
by email
We are here to take your call 24 hours per day