A
Accounts Payable: Amounts owed by to a creditor for goods or services obtained by debtor.
Annual Percentage Rate (APR): The percentage of interest that you will endure over a year.
Arrears: When an individual falls behind on their minimum monthly payments.
Assets: An item of ownership which can be converted into cash value in order to pay off your debt, such as your house.
B
Bailiffs: Are employed to take your assets so that they can be sold to cover your overdue debts.
Bankruptcy: When an individual becomes legally declared insolvent as they are incapable of …

Sometimes when researching your debt management solutions, the most tricky things to come to terms with is the terminology and what this means to you. This page outlines to typical debt terms that you may come across when looking to manage debt but for personalised debt advice you need to speak to the experts. Get in touch with DebtsManagement.co.uk by filling out the Quick Enquiry Form.
Debt Consolidation: This means that you consolidate debt into one low monthly payment to make it easier to keep track of your finances. Debt consolidation …