News and tips on tackling debt, living on a debt plan and other debt matters
Make sure you understand the vital difference between arrears and default letters
Posted 13 April 2017 by Christine Walsh
Make sure you know whether you’ve got an arrears letter or a default notice.
Statute-barred debt: do you need to pay?
Posted 28 November 2019 by Christine Walsh
You may have heard that there is a certain period of time after which your lenders cannot make you repay a debt. This refers to something called ‘statute barred debt’ (also sometimes known as ‘time barred debt’ or ‘time limited debt’).
To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.