You could write off up to 85% of your unaffordable debt
Catalogue Debts Written Off,Catalogue Debt,What is Catalogue Debt?

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Why are we asking this question?
By knowing how much debt you owe, we can ensure we are able to offer you the most appropriate debt solution for your needs. Some debt solutions, like an IVA, require you to owe more than £5,000.

A secured debt can fall into two main categories: 

The first involves the borrower putting forward an asset of theirs, usually their house or property, as collateral for the loan. This means that should the borrower no longer be able to pay the loan, the lender can ‘possess’ the property and use its sale as a way of paying the debt.  

 

The second is often referred to as Hire Purchase, whereby the consumer takes out a loan to purchase goods e.g. a car. If the borrower can no longer pay the loan, then it is the item they purchased that can be ‘repossessed’. 

 

To find out more, take a look at our Secured Loan Debt page. 

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