- Secured debt arrears – This covers mortgages or other secured loans whose monthly repayments are not being met.
- Unsecured debt arrears – This covers bank loans, credit cards or hire purchase arrangements which aren’t being met each month.
- CCJ (County Court Judgement) – A CCJ is a judgement that a county court issues when someone has failed to pay money they owe. CCJ’s are a simple way for creditors to claim the money they are entitled to. Whether its an individual, company or organisation.
- Defaults – When a lender stops a loan as its in arrears and demands a full settlement. Customers are taken to court if no settlement is forthcoming.
- IVA (Individual Voluntary Arrangement) – When an individual is struggling with unsecured debt. They consult an insolvency agency who will work out how to reduce the debt and how much an individual can afford to repay each month so that debts are repaid in part. At the end of the term, any unpaid debt is written off. This is different to bankruptcy which puts a persons home at risk.
- Any adverse credit connected to a corporate body. For example, an individual who has been a Director/partner in a company which has gone into liquidation.
GET IN TOUCH We provide a FREE assessment on all our services. Contact us for more information.