Category: Money and Debt
“Money and Debt” articles dive into all things financial and legal, tackling the nitty-gritty of money matters and debt dilemmas. From understanding how to manage debt and dealing with creditors to knowing your rights as a consumer and navigating tricky financial contracts, these articles cover it all. Whether you’re looking for tips on consolidating debt or need advice on bankruptcy, this category has you covered with straightforward insights and practical advice to help you handle your money matters wisely.
How to Spot and Avoid Fake Debt Collectors in the UK
What Are Fake Debt Collectors? Fake debt collectors are individuals or organisations that pretend to be legitimate debt collection agencies in order to trick people into paying money they do not actually owe. Unlike authorised debt collectors, who are regulated by the Financial Conduct Authority (FCA) and must follow strict rules under the Consumer Credit…
How to Resolve Banking Disputes and Fix Account Errors
Understanding Banking Disputes and Errors Understanding Banking Disputes and Errors Banking disputes and errors can happen to anyone, and knowing how to handle them is essential for protecting your finances. A banking dispute typically arises when you and your bank disagree about a transaction or account activity. Common types of errors include incorrect charges, duplicate…
What to Do If You Get a Bailiff’s Notice to Comply
What is a Bailiff’s Notice to Comply? A Bailiff’s Notice to Comply is a formal letter sent to you by a bailiff (also known as an enforcement agent) when you owe money or have an outstanding court order. This notice is an official demand that requires you to take specific actions – most commonly, to…
How to Spot and Protect Yourself from Phantom Debts
What Are Phantom or Non-Existent Debts? What Are Phantom or Non-Existent Debts? Phantom or non-existent debts are fake debts that scammers claim you owe, even though you have no legal responsibility to pay them. These so-called debts do not exist – they are entirely made up by fraudsters aiming to trick, intimidate, or pressure people…
How to Spot, Prevent and Report Banking Fraud and Scams
Understanding Banking Fraud and Scams Understanding Banking Fraud and Scams Banking fraud happens when someone illegally gains access to your bank account or tricks you into sending them money. Scams targeting bank customers are becoming more sophisticated, with criminals using a range of tactics to steal personal information or funds. Understanding how these scams work…
How to Respond to a Bailiff Notice and Protect Your Rights
Understanding a Bailiff Notice When you receive a bailiff notice, it means a creditor has taken formal steps to recover a debt you owe. A bailiff notice is an official letter sent by a bailiff (also known as an enforcement agent) to inform you that they intend to visit your home or business to collect…
Bank Account Closures: Your Rights and What to Do Next
Understanding Bank Account Closures When a bank decides to close your account, it means your access to that account – including your money, direct debits, standing orders, and card payments – will come to an end. The bank will usually transfer any remaining balance to you and explain how to manage outstanding transactions. Account closure…
Controlled Goods Agreements: Your Rights and What to Expect
What Are Controlled Goods Agreements? What Are Controlled Goods Agreements? A Controlled Goods Agreement is a formal, legally binding contract used by bailiffs (also known as enforcement agents) in England and Wales when recovering certain types of debts, such as council tax arrears, court fines, or unpaid business rates. This agreement forms part of the…
Understanding Upselling of Add-On Products and Your Rights
What is “Upsell” of Add-on Products? What is “Upsell” of Add-on Products? When you take out a credit product – such as a loan, credit card, or finance agreement – you may be offered extra products or services alongside your main purchase. This practice is known as “upselling” add-on products. In the context of credit,…
What to Do If Your UK Bank Account Is Frozen or Blocked
What is a Frozen or Blocked Bank Account? What is a Frozen or Blocked Bank Account? A frozen or blocked bank account is one where your access to funds is restricted by your bank or a regulatory authority. This means you may not be able to withdraw money, make payments, or process transactions as usual.…
