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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 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.
P
Partial Settlement
Plain and simple, a Partial Settlement is settling a debt for less than the amount owed.
For example, agreeing with a creditor to settle a debt at £2000 when £10,000 is owed.
Payday Loan
Payday loans are very controversial short term, high interest loans that are usually expected to be paid back the next time the borrower receives their wage. They are also unsecured. Try and avoid them if you can.
Payment Holiday
A Payment Holiday is when a lender or creditor agrees for you to pause making payments towards your debt for a set period of time.
Personal Loan
Personal Loans are loans taken out by an individual or individuals (I.e. the consumer). This type of debt is unsecured as they are not secured to an asset such as a property or vehicle.
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.
Speak to us.
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.