What do I do if I cannot afford my bills?

What do I do if I cannot pay my bills

With energy bills rising and temperatures outside plunging, managing costs is becoming even more difficult. With the average cost of a full tank of petrol costing more than £100 for the first time this year, millions of people are faced with the “eat or heat” choice – forced to choose between eating a meal or…

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What to Expect When Your Debt Goes to Collection

debt goes for collection

Knowing your debt is sent to collections can be stressful. However, there is nothing to be stressed about. Many people miss out on payments every once in a while due to financial struggles. In such cases, the creditor can send your debt to a collection agency for faster recovery. When that happens, panicking or not…

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5 Things Debt Collectors Are Forbidden to Do

Debt Collectors

We know debt collectors for being rude, annoying, and sometimes downright scary when talking to debtors. They can use any technique or even threaten the debtor into paying up. To protect consumers against such atrocities, the government created several federal laws. These laws forbid debt collectors from using certain methods on debtors to make them…

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6 Resources Debt Collectors Can Use To Find You

Debt Collectors

In the digital age, it is certainly impossible to hide your whereabouts from debt collectors. Even if you don’t provide the agency with your number or other contact information, they can still find you. Debt collection agencies use several legal modes to gather information on you. If you are late on your EMIs, the best…

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Handling Debt Collection Calls: Do’s and Don’ts

Handling Debt Collection Calls

Receiving a debt collection call can easily derail and overwhelm you. However, if you get frightened or emotional on the call, you may say the wrong things, leading to trouble later. Knowing the dos and don’ts of handling a debt collection call is essential to prevent such a situation. Here’s what you need to know…

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How to Protect Against Phoney Debt Collectors and Scams

Debt Collectors

After the pandemic, the number of scams that siphon money off people have increased significantly in the UK. According to Lloyds Bank, the advanced fee scam has doubled over the year, and victims lost an average of 200 pounds. Debt collection fraud is becoming very common and can happen to anyone. Knowing how to protect…

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What Should I Know If I Have Debts in Collection?

What should I know if I have debts

There can be common instances when you have fallen behind on your debts or bills. It becomes a problem when your debt reaches collection. Businesses use third-party agencies to manage their collections, and you may have to deal with them regarding your unpaid invoice or debt. But don’t panic and don’t ignore the debt collectors…

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6 Reasons You Need Debt Collection Software

debt collection software

Debt collection has always been a challenge for the financial industry. Consumers may be unable to pay an invoice on time for various reasons, but the losses are ultimately borne by the business. You lose your vital cash flow and struggle to have ample working capital. Technology can help you overcome many challenges in debt…

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Advantages of Using A Debt Collection Agency

Why to use a debt collection agency

A steady cash inflow is critical to running a business. A stable influx of cash is only possible when your invoices are paid on time. But that rarely happens in the real world. In reality, customers often delay their invoices or end up not paying at all. That’s when a debt collection agency can swoop…

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