The A-Z of Debt Terminology

Wondering what a word means? We've got that covered too.

We try to keep the jargon to zero but there are words that you will need to know the meaning of. Did you know the word "mortgage" means "death pledge" in Old French?! Spooky. Anyway use below to find words that you may not understand the meaning of. We got you.

a b c d e f g h i j k l m n o p q r s t u v w x y z
A

Acknowledgment of Service

You’ll see this term if you ever receive a Claim Form. An Acknowledge of Service is a form a Defendant completes to acknowledge receipt of the claim form. By doing so you are acknowledging the claim.

APR

Annual Percentage Rate, usually coined APR in small print, is the yearly interest that a borrower pays on the money they borrow to the lender

Arrears

Arrears is money that should have been paid by a certain date but hasn’t. Once the payment date has passed the payment is now in arrears.

Asset

In financial terms an asset is something that has economic value and be expected. For example, a property is considered as an asset in most cases.

In a state of panic?

You're not the first and you won't be the last to panic about debt. Your mind starts thinking all sorts. "Will I lose my house?" "Will a bailiff turn up at my door?" When managing your finances your mind should be calm. We have an article for you that will help you calm your mind first and then you can see how easy it is to understand your situation and solve it.

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Budget planner.

Do you know how much you have left at the end of each month? Do you need to send an income and expenditure to a creditor? We've got you covered. Our budget planner provides you with a simple and free way to view and track your spending.

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