-
The process of collecting debts
As a debt collection agency, our primary goal is to recover overdue payments while maintaining a respectful and lawful approach. Here is an outline of the typical debt collection process: 1. Account Assignment and Verification The process begins when a creditor assigns a delinquent account to our agency. We receive all pertinent details, including the debtor’s…
-
Funeral Expense Debt
Funeral expense debt refers to any financial obligations or debts incurred by individuals or families to cover the costs associated with a funeral, burial, or memorial service for a deceased person. When someone passes away, there are various expenses related to the funeral arrangements, and these costs can add up quickly. Funeral expense debt may…
-
How to prevent utility debt
Avoiding utility debt is crucial for maintaining financial stability and preventing unnecessary stress. Utility bills, including electricity, water, gas, and internet, are recurring expenses that can accumulate and lead to debt if not managed carefully. Here are several strategies to help individuals and households avoid utility debt: By adopting these proactive strategies, individuals and households…
-
Benefits of not having a credit card
Certainly, there are several benefits to not having a credit card. While credit cards can be valuable financial tools when used responsibly, they are not for everyone. For some individuals, avoiding credit cards can lead to greater financial security and peace of mind. Here are some of the benefits of not having a credit card:…
-
What should you do if you are in financial distress?
Financial distress is a challenging and often overwhelming situation that can occur when an individual or organisation is unable to meet their financial obligations. It can result from various factors such as unexpected expenses, job loss, excessive debt, or poor financial management. When faced with financial distress, it’s crucial to take immediate and strategic actions…
-
Staying on Track: How to Avoid Falling Behind on Your Rent
Rent is one of the most significant monthly expenses for many individuals and families. Falling behind on rent payments can lead to financial stress, strained relationships with landlords, and even the risk of eviction. However, with careful planning and proactive measures, it is possible to stay on track and avoid falling behind on your rent.…
-
What are the causes of business debt?
The effects of business debt can be catastrophic; without finance to pay wages, purchase new inventory or repay debts, businesses cannot function as they should. This throws a spanner in the works when it comes to developing staff skills and product/service quality – something banks take into account before offering support. It takes just one…
