Debt and The Law

Know Your Rights!

The very fact that you are reading these pages means that you are most probably in serious debt and being persued by your creditors.

You need to be free from these people so as you can re-structure your finances and settle your debts. A good way of doing this is to enter an IVA. You will get absolutely no more hassle from the people you owe money to and this will give you time to change your life around

Talk to us at Debt-2-go and we will guide you through the steps to protect yourself from action that maybe taken against you!

What are Fair and Unfair Practices?

Your Creditors will have what is known as a "Consumer Credit License" It is a legal requirement for any organisation that offers credit to have a license before they can trade

The Consumer Credit License has many rules of compliance that must be adhered to in order for the organisation not to be in breach. There is a document produced by The Office of Fair Trading that outlines all the procedures that these organisations must follow when collecting bad debt. We suggest you download this important guide.

Download Debt Collector Guidance 2004 (pdf 117 kb).

Protecting Yourself

You will have some creditors that are quite cooperative and sympathetic to your situation. However you will no doubt have some creditors that are a far cry from this and are persuing you aggressively. You need to protect yourself from the options that are available to the creditors before it's too late and they turn up at your home and seize your property.

You need to act quick and speak to an advisor at Debt-2-Go and we will advise you of the best way to go based on your circumstances.