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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 their meaning. Did you know the word "mortgage" means "death pledge" in Old French?! Spooky. Anyway, use below to find words you may not know the meaning of. We got you.
F
Financial Conduct Authority (FCA)
So, the best we can do is take the Financial Conduct Authorities' own description of themselves:
“The Financial Conduct Authority (FCA) regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.”
The FCA are a body you will want to know about and one we reference a lot here at TRDG. You can find out more about them in our “I want Financial Education” section under “The Regulators”.
Forbearance
Forbearance, in terms of debt collection, is to refrain (hold back) from exercising a legal right. This means that normal legal routes creditors may use in order recover a debt are not utilised.
For example, if a debt is owed and a creditor is within their legal rights to apply for a County Court Judgement (CCJ), not applying for the CCJ can be seen as practising forbearance.
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.
Simplifying complicated matters.
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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.