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Different Types Of Debt
As an expert, I can provide insights into the various types of debt that individuals, businesses, and governments can incur. Debt is a financial obligation that arises when borrowed funds are used to finance expenditures, investments, or operations. Understanding the different types of debt is crucial for making informed financial decisions. Here are some key…
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Preparing for the Inevitable: How to Avoid Funeral Expense Debt
The loss of a loved one is an emotionally challenging time, and the added burden of funeral expenses can exacerbate the stress. It’s crucial to understand the financial implications of funeral costs and take proactive steps to avoid falling into debt. In this blog post, we will discuss practical strategies to help you plan ahead…
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If you are in debt, seeking help can provide a range of benefits
If you are in debt, seeking help can provide a range of benefits. Here are some of the ways that getting help can be beneficial: Reduced Stress: Debt can cause significant stress and anxiety, especially if you are struggling to make ends meet. Seeking help can provide a sense of relief and reduce your stress…
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What Bailiffs Can & Cannot Do
Bailiffs are individuals who are authorized to collect outstanding debts and enforce court orders. They are commonly used by creditors and government agencies to collect unpaid fines, taxes, and other debts. While bailiffs have certain powers to enforce judgments and seize assets, there are also legal limitations on what they can and cannot do. What…
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Tips to avoid debt
Debt can quickly spiral out of control and become a major burden, so it’s important to take steps to avoid it. Here are some tips to help you stay debt-free: Create a budget: A budget is a crucial tool to help you manage your finances and avoid debt. Make sure you account for all of…
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Late Payment – what are my rights if a supplier refuses to pay on time?
As a small business owner, getting paid on time for all your transactions is essential. A late payment to a small business affects the business in many ways, from potentially not being able to pay staff or not being able to pay rent on time. What is the Late Payment of Commercial Debts (Interest) Act…
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Prevention and management of rent arrears
Timely rental collection is key to maintaining a healthy revenue stream. Ultimately, this is what makes a functioning property business where bills are paid on time and balanced in accounting books. However, rent arrears have increased nationally in the last few years, presenting concerns for landlords and the government around reliance on legal action. This…
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Credit management and debt recovery specialists
Churchill Recovery Solutions aim to improve the cash flow of our clients. Our managed legal service means we support you through legal action to ensure you recover the money that’s rightfully yours. Our fully trained staff are able to advise and navigate you through the legal process from starting a claim through to enforcement if…
