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Debt, Credit & Finance

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Your place to ask and answer questions on debt matters or to create group discussions where there is a collective issue to address.

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Dealing with debt: How to wind up a company that owes you money

This publication from the Insolvency Service answers the questions you are most likely to ask about winding up a company that owes you money; gives general information on how to wind up a company in the court – that is, to put a company into compulsory liquidation and explains what happens after the company goes into ...
Uploaded by Sylvia Ma yesterday at 13:48

In debt? - Dealing with your creditors

This guide from the Insolvency Service explains the various options for helping you make arrangements involving your creditors, how they work and some of the pros and cons of each. The guide can help you with personal or business debts, or both. summarises the key features of each of the main ways of dealing with debt; sets out ...
Uploaded by Sylvia Ma 16-05-2012 at 12:47

Consumer guide on bank accounts

A consumer guide from the Money Advice Service for people who are opening or already have a bank account and you want to know your rights and responsibilities. This guide will explain the different types of bank accounts, how to manage your account and what to do if things go wrong.
Uploaded by Sylvia Ma 15-05-2012 at 12:39

Useful guide to borrowing money

Consumer guide published by the Money Advice Service for anyone who wants to borrow money (except for buying a home). You will learn about the options you have to borrow money, how they work, and the pros and cons of each.
Uploaded by Sylvia Ma 09-05-2012 at 13:22

Consumer guide on credit card rights

The UK Cards Association has published a new plain English advice guide giving Britain's 30 million credit card holders clear information about their rights when using their card. ‘Credit cards - your rights, a consumer guide' sets out: your rights if you don't get what you paid for or it turns out to be faulty; if your ...
Uploaded by Sylvia Ma 04-05-2012 at 13:55

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Does cancelling credit cards affect ratings?

Does cancelling credit charges have any affect on credit ratings? I've heard that having more, but all in good order is better for credit ratings.
Laurie Clements posted 25-04-2012 at 13:06
Diana Langrada posted 25-04-2012 at 14:36
It don't think it will impact on your credit rating, but its a good idea to hold onto one or two as having them is seen as generally positive in a way.

Useful guide on Credit Cards

This guide from The Money Advice Service is for you if you already have a credit card, or are thinking of getting one and want to know what your rights and responsibilities are. Source: The Money Advice Service
Uploaded by Total Investor 18-04-2012 at 7:32

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cleaning bad credit history

it seems like it might take 7 years to clean up a poor credit history. Is there any way to speed this up?
Jovena Larsh posted 09-04-2012 at 11:18

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Rangers fans are...well typical football fans...

Rangers fans are going to pay the club's debt to Dunfermline Athletic but have decided against paying to Dundee United. well that doesnt seem fair!¬ "That was rejected as there were strong views that, in recent times, Dundee United had treated Rangers and their fans with disdain," one statement said seems like a ...
Thomas Aiken posted 30-03-2012 at 8:57

Collecting outstanding debts

I'm not quite sure if this is the right group (or is it more about personal debt?) to discuss collecting money owing to a business, but here goes. We are a small family business, but always seem to have every year a few "small" debtors who don't pay on time, if at all and have to weigh-up writing these off or chasing. ...
Trevor Abbott posted 05-12-2011 at 16:19
Dynaromi posted 13-12-2011 at 22:02
Hi trevor, when the topic of debt collection is brought up, many of us automatically have a vision of rough looking men with bats. I'm sure there was a time when this was the most common method of debt collection - but I wouldnt advise this course or action being illegal! Handing your problem debts over to a debt collection ...

OFT debt collection guidance

The OFT has updated its debt collection guidance. Although the guidance is entitled 'debt collection guidance', it sets out what the OFT expects of all those engaged in the pursuance of consumer credit related debts. This (October 2011) version of debt collection guidance replaced previous versions.
Uploaded by Total Investor 13-11-2011 at 13:44

A step by step guide to legal aid

A step by step guide to legal aid from the Legal Services Commission. Hopefully you find this helpful if you need legal assistance in this area.
Uploaded by Total Investor 13-11-2011 at 13:33

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