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.
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.
O
Official Receiver
This is a person who works on behalf of the court (an officer of the court) in matters such as bankruptcy or other types of insolvency. One of the key roles of an Official Receiver is to secure and take control of any assets.
Order for Sale
Let’s keep it nice and simple. An Order for Sale is a court order that means you are forced to sell your property.
For a more on this subject search “Order for Sale” using our search function.
Original Creditor
This is the company that provided you the credit facility (i.e. the company you signed the agreement with).
For example, with a Barclaycard Credit Card the Original Creditor would be Barclaycard.
With a HSBC personal loan, the Original Creditor would be HSBC.
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.