There are very strict guidelines on consumer credit debt. The Consumer Credit act of 1974 covers the majority of consumer credit and outlines what methods creditors can use to reclaim money in the event you cannot meet your scheduled repayments.
This legislation is on your side and clearly outlines what creditors and debt collection agencies can and can’t do when it comes to collecting their money. There are many procedures creditors might still try to use which are deemed unfair and unlawful.
With this section of the website, we’ll give some information on the most common varieties of consumer debt which you are likely to come across. There will be guides on what the debts are, and how you should deal with them in the case you find yourself in arrears.