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.

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D

Debt Collector

A Debt Collector is a Company in the business of recovering money from accounts that have defaulted or have broken their agreement with the original creditor. Representatives of the company are commonly referred to as Debt Collector too.

Debt Consolidation

Debt Consolidation is borrowing, in the form of a loan, to clear all outstanding debts. This means instead of having several debts, you are left with one and one monthly payment.

Debt Relief Order (DRO)

Cutting out the jargon, a Debt Relief Order is an alternative to Bankruptcy with a lot of similarities. We have an entire article on this subject, search “Debt Relief Order” to find out more.

Default

Having a Default on your account means that you have broken the terms of your agreement.
Search "default" in our search bar for a more detailed explanation of this term.

Default Notice

A Default Notice is simply a letter from your creditor warning you that your account is about to default.

Search "default notice" in our search bar for a more detailed explanation of this term.

Defendant

A Defendant is the person who has had a claim filed against them or is being accused in court. They are the opposite to the ‘Claimant’.

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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Join our community.

It's good to talk! Debt can seem like a lonely place, it doesn't have to be. Join our community to interact directly with The Real Debt Guy team and other members like you. Debt is not something that you have to suffer alone. We got you.

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