What is a Notice of Default and what does it mean?

Notice of Default

If you’re struggling with your finances, you might find you’re getting lots of letters – possibly including default notices. These letters – officially referred to as a ‘notice of default’ – are an official step that lenders have to take before they take more serious legal action against you. In this guide, we’ll take a […]

Irresponsible Lending – What you need to know

Irresponsible Lending

Before a company offers you credit or lends you money, they should check to make sure you can afford to pay that money back. The process they use to do this is called an “affordability check”. If they lend you more than you can afford to pay, this is referred to as “irresponsible lending” – […]