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How to Deal with Bailiffs Chasing You for Money
Dealing with bailiffs can be stressful, but it’s important to approach the situation calmly and methodically. Bailiffs, also known as enforcement agents, are hired to collect debts. Understanding your rights and taking the right steps can help you manage the situation effectively. 1. Understand Your Rights Bailiffs must follow strict rules when collecting debts. They cannot:…
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Arrears Prevention: A Proactive Approach to Financial Stability
Arrears, or unpaid financial obligations, can quickly escalate into a significant challenge for individuals and businesses alike. Whether it’s overdue rent, mortgage payments, utility bills, or loan installments, falling behind on payments can lead to financial instability, strained relationships, and potential legal action. The key to managing arrears is prevention—taking proactive steps to avoid falling…
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Handling Payment Excuses: How to Keep Your Cash Flow Steady
Listening to payment excuses is one of the most frustrating parts of running a business. While excuses are inevitable, understanding the common ones and knowing how to address them effectively can save you time and protect your cash flow. Timely payments are essential for a business to function, and chasing overdue invoices diverts valuable resources…
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Christmas Shopping Debt
Christmas shopping to leave Brits with four months of debt The average Brit gets into £439 of debt over the Christmas period, which can take four months to recover from. According to debt management company Lowell, more than a fifth (22 per cent) of British consumers are feeling pressure to spend beyond their means this…