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.

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Capital (Business)

Capital is simply money or assets owned by a person or business that can be used to invest into business other investments.

Charging Order

A Charging Order is a court order that secures a debt against your property. You want to try and avoid getting this if you can. To gain a more detailed understanding of Charging Orders, search for the term "Charging Orders" in our search bar.

Claim Form

A Claim Form is the court document sent to a person to begin legal proceedings against them. In terms of debt, this form will be used to pursue money believed to be owed by the creditor.


A Claimant, simply put, it’s the party (or person) who files a claim via the courts because they believe that they have the right to or are owed something.


Collateral is an asset accepted by a lender to secure a loan. For example, with Logbook loans your vehicle is collateral.

A word of warning, be extremely careful before putting up any of your assets as collateral. Make sure you fully understand the terms and avoid this situation if you can.

Consumer Credit Act 1974

The Consumer Credit Act. 1974 was introduced to protect consumers (you!) from poor practises in the debt arena. This is acheived by regulating Consumer Credit and Consumer Hire Agreements.


A Counterclaim is when someone (a defendant) brings forward a claim against an existing claimant. If successful, the counterclaim would cancel out the existing claim against the defendant.

County Court Judgment (CCJ)

In a nutshell, a County Court Judgment (CCJ) is an order granted by, you guessed it, the County Court. If you fail to repay money owed to someone.

Click here to learn more about this subject.


In its most simple description, Credit is the ability to borrow money or obtain goods or services with an agreement that you will pay later. This may be in business through a trade account for example, or your personal life with credit facilities such as credit cards, overdraft etc.

Credit Facility

A Credit Facility is simply an agreement with a bank that allows you to borrow money when needed up to a certain amount. A Credit Card or Overdraft are typical examples of this

Credit Score

Your Credit Score is the number that shows your level of risk or creditworthiness on your credit report. This number is shaped by various factors including things like, IVAs CCJ’s, defaults, late payments and more. It can influence whether lenders will lend to you or not. It’s worth noting that there isn’t one single way to calculate a credit score and many agencies may use a different logic.

Our intentions are 100% genuine.

We want to support people who are in or at risk of debt. By drawing upon knowledge and experience of how money and debt works, we have produced a website full of up-to-date information, and useful tools to do just that.

Ultimately, we have one goal, and that is to educate people about debt, by simplifying complicated matters, so that anyone can understand.

More than anything we hope you find the information on this website useful, and that it helps you to take positive steps in the right direction.

To find out more about the different ways we can help you, head over to the 'How we can help you' section.

How we can help

Simplifying complicated matters.

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