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Statute Barred Debt Sample Letter Templates

Scott Nelson

Your debt is statute-barred if six years has passed since the last default notice was sent. If you believe that your debt is statute barred, you should notify your creditor by letter. It should contain any evidence that proves your debt is no longer enforceable according to the 1980 Limitations Act. Let me illustrate...
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Making Payment Instructions – Sample Letter Templates

Scott Nelson

You have the legal right to instruct your bank to make certain payments. You also have the right to withdraw your Continuous Payment Authority from a company at any time. To do so, you just need to send a letter to your bank containing the details of the payments you would like to make or stop. Let me illustrate...
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Free Snowball Debt Calculator

Scott Nelson

The snowball debt method is a way of paying your debt off methodically, from smallest to largest. A snowball debt calculator will work out in which order you should pay your debts. Let me illustrate...
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Notice of Assignment of Debt – What You Can Do

Scott Nelson

A Notice of Assignment of Debt is used to let you know that your creditor has passed your debt onto a third party, normally a debt collection agency. In response, you can either pay the third party, or contact them to negotiate a repayment plan. Let me explain...
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Leaving the UK with Debt

Scott Nelson

If you leave the UK with debt, your creditors can no longer chase you. But, they can enlist a foreign debt collection agency to chase the debt, or seize any assets you leave behind. Let me explain...
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How much debt is too much? UK Stats

Scott Nelson

If you have debts that lie between 43% and 50% of your annual income, this is considered to be too much. Any debt over 50% of someone's income is considered to be high risk. Let me walk you through your options...
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HMRC Debt Management Letter – Complete Guide

Scott Nelson

If you fall behind on payments, you will likely receive a HMRC debt management letter. The letter should state all necessary information about your debt, including who you owe, the amount you owe, and who to contact. You should not ignore a HMRC debt management letter. Let me walk you through your options...
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How to Get Your Water Bill Debt Written Off

Scott Nelson

It is possible to get a portion of your water bill debt written off. To do so, you will need to reach out to your water provider and explain the situation. You could negotiate a favorable repayment scheme, or even offer a reduced lump sum. Let me walk you through your options...
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Can You be Responsible for Someone Else’s Debt?

Scott Nelson

Typically, you are not responsible for someone else's debt unless you've agreed to share or take on their obligations, such as through a joint account or a guarantor agreement. Keep reading to understand when you might be liable and how to navigate these situations effectively.
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Notice of Debt Recovery – What You Need To Know

Scott Nelson

A notice of debt recovery, also known as a Letter Before Action, is a letter that requests payment from an outstanding debt in your name. If you don't respond, it is likely that the creditor will attempt to legally enforce the debt. Let me walk you through your options...
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‘Newlands House, Caxton Way, Eastfield Scarborough’ Debt Info

Scott Nelson

Newlands House, Caxton Way, Eastfield Scarborough is the address of Henriksen Limited, an international debt recovery company. Henrikson recovers debt for several different businesses, including utility companies, delivery services, credit card providers, just to name a few. Let me guide you through their debt recovery process...
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Secured Debt Consolidation Loans Reviews & In-depth Info

Scott Nelson

If you’re thinking about ways to manage your debt, you may have heard of secured debt consolidation loans. In this article, we aim to help you understand them better. Here’s what we’ll cover: Every month, our website is visited by over 170,000 people seeking advice on debt solutions. We understand that dealing with unpaid debt […]
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HMCTS Historic Debt Team – Who Are They & What to do

Scott Nelson

HMCTS Historic Debt Team is a debt collection group. It was set up by the UK government to locate people with unpaid court fines and recover the debt. If you are contacted by HMCTS Historic Debt Team, you should try to come to a repayment arrangement. Let me walk you through the process...
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Debt Relief Order Reviews and Questions

Scott Nelson

A Debt Relief Order (DRO) can provide a lifeline for individuals meeting certain criteria, offering a path to eliminating their debts. Read on to learn from authentic DRO reviews and get answers to your burning questions.
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What Are the Best Consolidation Loans in the UK?

Scott Nelson

Consolidation loans are the most popular method of debt consolidation in the UK. To pick the best consolidation loan for you, you need to closely compare APR rates, eligibility, repayment holidays, and policies on early settlement. Let me walk you through your options...
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Can’t afford my loan payments – What Can You Do

Scott Nelson

If you can't afford your loan payments, the most effective course of action is to communicate with your loan provider proactively, discussing your circumstances and exploring potential solutions. Dive in to discover the detailed guide and strategies to navigate this challenging situation.
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Bankruptcy Payment Plans – Complete Review

Scott Nelson

Bankruptcy payment plans provide a structured way to manage debt, offering a feasible solution for those unable to settle their financial obligations outright. Dive in to fully understand how it can help you regain control over your finances.
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Bankruptcy Searches – What You Need To Know

Scott Nelson

Bankruptcy searches are essential tools for assessing the creditworthiness of potential borrowers, revealing whether they have a history of bankruptcy. Read on to discover how these searches work and why they are crucial for informed financial decisions.
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Priority Debts – What Are They? 

Scott Nelson

Priority debts refer to debts that could cause severe issues, including legal repercussions, if not paid back timely and appropriately. Keep reading to get a better grasp on these financial responsibilities...
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Grants to Pay Off Loans Reviews & In-depth Info

Scott Nelson

If you're struggling to pay off a debt, there are a number of grants and programs available in the UK that can help ease your financial hardship. You could take advantage of payment holidays, student loan forgiveness. hardship grants, or social fund loans, just to name a few. Let me walk you through your options...
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Interest on Debt – All You Need to Know

Scott Nelson

Interest on debt is essentially a form of compensation charged by creditors for borrowing their money, with the ability to calculate this cost providing vital control over your financial health. Let's delve into the details...
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Debt Management Plan Pros and Cons

Scott Nelson

A Debt Management Plan (DMP) is an informal agreement between you and your creditors, stating that you will make reduced monthly repayments towards your debt. DMPs are a popular debt solution in the UK, but they aren't right for everyone. Let me walk you through the pros and cons...
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Best Debt Management Companies

Scott Nelson

There are a lot of things to consider before committing to a debt management company. You need to review services, costs, and strategy, just to name a few. Let me talk you through it…
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Will My DMP Affect My Partner? Complete Guide

Scott Nelson

If you have a financial association with your partner, your Debt Management Plan could affect them. Depending on the circumstances, it may be more appropriate to enter into a joint Debt Management Plan. Let me walk you through your options...
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Debt Management Plan Example – What To Expect

Scott Nelson

Understanding different debt management plan examples can significantly inform your decision on the most appropriate debt solution for your unique financial situation. Dive in, as we explore multiple scenarios showcasing how these plans have benefited numerous individuals.
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Debt Management Plan Reviews

Scott Nelson

A Debt Management Plan (DMP) review is a crucial aspect of maintaining a healthy, balanced approach to debt management for those engaged in a DMP in England. Dive in to understand more about its significance and how it can assist you in managing your debt more effectively.
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Debt Management Plan Sample Letter Templates

Scott Nelson

Debt management plans (DMPs) require effective communication with your creditors, and this article provides sample letters to help with this process. Read on to empower yourself with the knowledge to take control of your financial situation.
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How to budget

Scott Nelson

Effectively dealing with debt necessitates a workable budget that clearly reflects your income and expenditure. Let's dive in and simplify the process of budgeting for you.
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IVA Full and Final Settlement Offer – Complete Guide

Scott Nelson

A Full and Final IVA Settlement Offer is the process of asking your creditors if you can pay a lump sum to write off your debt and end your IVA. For your offer to be successful, your creditors need to consider the proposed lump sum to be sufficient. Let me walk you through the process...
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IVA Debt Consolidation – All You Need to Know, FAQs & More

Scott Nelson

Are you searching for clear answers about IVA debt consolidation? You’re in the right place. Over 170,000 people visit our website to get guidance on debt solutions each month. In this friendly guide, we’ll discuss: We know that every situation is unique. Our team has plenty of experience in dealing with debt and understands the […]
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Lump-Sum IVA – What Are The Rules?

Scott Nelson

A Lump-Sum IVA is a special type of Individual Voluntary Arrangement that allows you to repay your debts as a one-off large payment, instead of regular monthly instalments. Dive in to understand the rules and how it might be the perfect solution for you.
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IVA Final Review – How to Prepare for Your Last Year

Scott Nelson

An IVA final review is conducted to decide whether to end the IVA or continue it for another year. In preparation for the final review, you should make sure that your bank statements, payslips, tax forms, and wealth statement are all in order. Let me walk you through the process...
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IVA Pros and Cons – Complete Analysis & FAQs

Scott Nelson

An IVA is a legally binding agreement between you and your creditors, stating that you will repay your debt over a certain period of time. IVAs are a popular debt solution in the UK, but they aren't right for everyone. Let me walk you through the pros and cons...
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Bank Accounts that Accept IVA Customers 

Scott Nelson

There are a number of bank accounts that accept IVA customers. You should choose a bank that you owe no money to and have no open credit facilities with. It's important that you check the fine print regarding your eligibility and fees. Let me walk you through your options...
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IVA Annual Reviews – Complete Guide

Scott Nelson

An IVA Annual Review will determine whether your IVA agreement is still appropriate. Your IVA payment could go up or down depending on the conclusion of the review. It's important that you prepare well for your IVA reviews. Let me walk you through the process...
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Loans for People on Benefits with No Upfront Fees

Scott Nelson

It is possible to get a loan with no upfront fees whilst you receive benefits. But, before applying for a loan, you need to make sure that you meet all of the eligibility criteria. If you don't, your credit score could be harmed. Let me walk you through your options...
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How to Complain about Debt Collection Agencies? 

Scott Nelson

To complain about a debt collection agency, you should first submit a complaint to the agency itself. If this is unsuccessful, you can complain to a higher authority, such as the Financial Ombudsman. For your complaint to be properly considered, you will need to include strong evidence. Let me walk you through the process...
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What Happens When a Debt Is Sold to a Collection Agency?

Scott Nelson

If your debt was sold to a collection agency, you must make all future payments to the agency. All correspondence with the original creditor will come to an end. It is likely that the agency will ask you to make one full payment, but you can negotiate a payment plan. Let me walk you through the process...
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UK Debt Charities – Complete Review and Comparison

Scott Nelson

UK debt charities provide free support and advice for those struggling with financial obligations, offering services ranging from debt advice to liaising with creditors. Read on to discover the best UK debt charities and how they can help you navigate your financial journey.
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How to Complain about Debt Collection Agencies? Complaints

Scott Nelson

To complain about a debt collection agency, you should first submit a complaint to the agency itself. If this is unsuccessful, you can complain to a higher authority, such as the Financial Ombudsman. For your complaint to be properly considered, you will need to include strong evidence. Let me walk you through the process...
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How Is Debt Divided in Divorce? 

Scott Nelson

In divorce, you are not liable for any debt that is only in your partner's name. However, you should expect any jointly owned debt to be divided between the two of you. For example, credit cards are not normally split, whereas mortgages are. Let me walk you through the process...
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Can You Inherit Debt? 

Scott Nelson

You can't inherit debt in the UK. If someone dies with outstanding debt, their estate will be used to repay creditors. However, the situation becomes a bit more complicated if you have a joint debt with the deceased. Let me explain...
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Debt Cancellation

Scott Nelson

Debt cancellation is possible when a creditor relieves a debtor of their obligation to repay, through methods like negotiation, bankruptcy, or debt relief programs. Keep reading to find out more…
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How to Pay Off Debt Fast with Low Income – Complete Guide

Scott Nelson

It is possible to pay off your debt quickly with a low income. However, you will have to make some compromises. For instance, you will likely need to cut down on your spending or take on more work. You could also consider a debt solution, such as a DRO or an IVA. Let me walk you through your options...
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Assignment of Debt UK – All You Need to Know

Scott Nelson

An Assignment of Debt means that your creditor has passed your debt onto a third party, normally a debt collection agency. Depending on the type of assignment, the third party may be able to pursue court action over your debt. Let me explain...
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Selling Debt in the UK – Complete Guide

Scott Nelson

Creditors can legally sell a debt to a third party in the UK. Once the debt has been sold, the original creditor no longer has anything to do with the debt. Instead, the new owner is responsible for recuperating the debt. Let me walk you through the process...
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How To Calculate Interest on Debt? Step by Step Guide

Scott Nelson

There are two types of interest on debt. Contractual interest is the interest charged according to your credit agreement. Statutory interest is the daily interest accrued as a consequence of late repayment. For a quick estimate of the interest on your debt, try the calculator below.
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Court Enforcement Services Debt Guide

Scott Nelson

Court Enforcement Services enforce court orders on unpaid debts. If Court Enforcement Services make contact, you should try to come to a repayment agreement to avoid further legal action. Let me walk you through the process...
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How to Get out Of Debt with No Job 

Scott Nelson

Getting out of debt without a job is feasible by applying for state funds, optimising savings, creating multiple income streams, and effectively managing your spending habits. Discover how in the paragraphs to follow...
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What Can Debt Collectors Do UK? 

Scott Nelson

UK debt collectors are legally permitted to chase you for debt. To do so, they can arrive at your residence, take money from your accounts, issue a Default Notice, apply for a CCJ, or issue a Statutory Demand. Let me walk you through the process...
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Can Bailiffs Come for Catalogue Debt? 

Scott Nelson

Catalogue companies cannot send bailiffs to your home. If you fall significantly behind on your payments and ignore correspondence, they may take court action against you by applying for a CCJ. If you fail to pay the CCJ, the court may then send bailiffs. Let me walk you through the process...
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What Rights Do Debt Collectors Have? 

Scott Nelson

Debt collectors do not have the same rights as bailiffs. They cannot forcibly enter your residence or seize goods. However, you shouldn't ignore debt collectors. If you do, further enforcement action could be taken. Let me explain...
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Credit Card Help – Complete Guide

Scott Nelson

Navigating credit card usage can be tricky, but understanding how they work, how to avoid debt, and your options if you do find yourself in debt can make the process much more manageable. Keep reading for your comprehensive guide to tackling credit card challenges.
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What Happens to Debt When You Go to Jail? 

Scott Nelson

Some of your debt may be written off when you're in jail. But, this isn't necessarily the case. In fact, if you don't get on top of your debt, legal action could be taken against you whilst you're in jail. Let me walk you through your options...
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Unsecured Debt Consolidation Loan In-depth Info

Scott Nelson

Debt consolidation can be an effective way of making your debts more manageable.  Most debt consolidation loans you find on the market are secured. This means that they are only available to homeowners or people who can put up some sort of collateral. However, unsecured debt consolidation loans are also available and they can also […]
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Lucas Credit Services Ltd Debt Collectors – Must You Pay?

Scott Nelson

If a letter from Lucas Credit Services Ltd Debt Collectors has landed on your mat, don’t panic. You are not alone. Each month, over 170,000 people come to our website for information about similar debt matters. In this clear guide, we will help you understand: Our team includes people who have faced debt collectors in […]
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IVA Guide

Scott Nelson

Discover how an IVA can help you write off up to 90% of your debt. Find out more in this article!
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Full and Final Settlement Offer – Complete Guide

Scott Nelson

A Full and Final Settlement Offer is the process of asking your creditors if you can pay a reduced lump sum to write off your debt. For a Full and Final Settlement Offer to be successful, the proposed lump sum needs to be a feasible amount for you and your creditors. Let me walk you through the process...
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Using Bankruptcy to Get Out of Debt 

Scott Nelson

Bankruptcy, a severe yet potential pathway for overcoming debt, involves your debts being eliminated after a year, albeit with significant ramifications. Read on to delve into the intricacies of this financial decision.
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Oakam Loans Reviews & In-depth Info (Oakham)

Scott Nelson

This blog post delivers comprehensive reviews and detailed information about Oakam Loans, a UK-based private lender offering solutions for underserved borrowers. Keep reading to discover if their services align with your financial needs.
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Amigo Loans Refund, Complaints & Claims 

Scott Nelson

If you believe that you were mis-sold an amigo loan, you could claim compensation or a refund. To do so, you need to head to the Amigo website. Alternatively, you could contact the Ombudsman. But, you will need good evidence for your application to be successful. Let me walk you through the process...
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Provident Loans Refund, Complaints & Claims

Scott Nelson

If you believe you were mis-sold a Provident loan, you could claim compensation or a refund. To do so, you need to head to Provident's website. Alternatively, you could contact the Ombudsman. But, you will need good evidence for your application to be successful. Let me walk you through the process...
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QuickQuid & CashEuroNet Information – Refunds & Updates

Scott Nelson

In 2019, QuickQuid (a trading name of CashEuroNet) went into administration. The loan provider is not taking on any more customers, but, any outstanding loans are subject to FCA regulations. If you have an outstanding loan with QuickQuid, it's important that you understand what the new regulations mean for you. Let me explain...
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CCMCC (County Court Money Claims Centre) – What You Can Do

Scott Nelson

If you’ve been contacted by the County Court Money Claims Centre (CCMCC) about a debt you owe, you might be feeling worried. You’re not alone – every month, over 4,600 people turn to us for advice on dealing with debts and courts. This article will share important information to help you: We know that dealing […]
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NewDay Debt Collection – Do You Have to Pay?

Scott Nelson

Have you got a surprise letter from NewDay Debt Collection and are unsure about what to do next? Don’t worry; you’re in the right place. Our website helps over 170,000 people each month to understand and deal with debt situations. You’re not alone, and we’re here to guide you. This article will provide simple and […]
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How Long Does Bankruptcy Stay on Credit Report? 

Scott Nelson

Are you worried about your debts and thinking about bankruptcy? Every month, more than 170,000 people visit our website seeking advice on this very issue. In our complete guide to bankruptcy, we aim to answer all your questions and help you understand your options better. We’ll explain: We know it’s tough to deal with debt; […]
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Don’t Ignore A CCJ! Here’s Why You Should Respond

Scott Nelson

Are you worried about a County Court Judgement (CCJ)? You might be feeling scared about a bailiff coming to your home or stressed about your things being taken away. You’re not alone. Over 170,000 people come to our website seeking advice on their debt issues each month, and Citizens Advice estimate households have around £18.9 […]
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