Legal Notice
WE
WISH TO MAKE IT QUITE CLEAR THAT THIS WEBSITE, ITS PUBLISHERS AND ITS
CONTENT DO NOT SEEK TO IMPLY THAT BY USING THIS SERVICE, OR ANY OTHER
SERVICE, PEOPLE WILL BE FREED FROM THE OBLIGATIONS OF MEETING THEIR
DEBTS. WHEN YOU BORROW MONEY YOU SHOULD ALWAYS EXPECT TO PAY IT BACK
ACCORDING TO THE TERMS UNDER WHICH IT WAS BORROWED; YOU SHOULD THEREFORE
ALSO BUDGET FOR THE REPAYMENTS YOU HAVE THUS WILLINGLY ENGAGED IN UNDERTAKING.
YOU SHOULD ALSO NOT FORGET TO BUDGET FOR DEBTS SUCH AS MORTGAGE, RENT,
COUNCIL TAX AND UTILITY PAYMENTS, AND NEVER UNDERESTIMATE THEIR IMPORTANCE.
COUNTY COURT JUDGMENTS MAY BE REMOVED FROM CREDIT FILES ONLY IF THE
INFORMATION IS INCORRECTLY RECORDED OR THE MATTER TO WHICH THE JUDGMENT
RELATES HAS BEEN DISCHARGED. APPLYING FOR ANY DEBT MANAGEMENT SERVICE
DOES NOT AUTOMATICALLY GUARANTEE THAT ANY EXISTING OR THREATENED PROCEEDINGS
FROM CREDITORS WILL BE WITHDRAWN. DO NOT IGNORE CORRESPONDENCE OR OTHER
CONTACT FROM CREDITORS OR THOSE ACTING ON BEHALF OF CREDITORS.
DEBT
MANAGEMENT PROGRAMMES ARE NOT SUITABLE FOR EVERYONE. SOME PEOPLE MAY
NOT QUALIFY FOR AN IVA (OR PROTECTED TRUST DEED IN SCOTLAND), BUT MAY
QUALIFY FOR A MORE CONVENTIONAL DEBT MANAGEMENT PROGRAMME. DEBT MANAGEMENT
COMPANIES MAY DECISDE, AT THEIR DISCRETION AND IN THE INTERESTS OF THE
DEBTOR, WHETHER OR NOT TO TAKE A DEBTOR AS A CLIENT, AND APPLICATION
FOR ANY DEBT MANAGEMENT OR REDUCTION SERVICE DOES NOT AUTOMATICALLY
IMPLY THAT THE APPLICATION WILL BE SUCCESSFUL IN ALL CASES. ALSO, IT
IS TO BE NOTED THAT CREDITORS NEED NOT ACCEPT PROPOSALS TO REDUCE PAYMENTS
OR FREEZE INTEREST (OFT366, PARA 3.4.3.1)
PEOPLE
WHOSE CREDIT RATING IS THUS ADVERSELY AFFECTED SHOULD BE AWARE THAT
THEY MIGHT NOT BE ABLE TO OBTAIN CREDIT IN THE SHORT TERM AND THERE
IS A LIKELIHOOD THAT THEY WILL NOT BE ABLE TO DO SO IN THE MEDIUM OR
LONG TERM EITHER. CONSUMERS MUST NOT BE MISLED INTO THINKING THAT THEIR
CREDIT RATING WILL IMPROVE EARLIER THAN WHEN THE PAYMENT OF THEIR DEBTS
IS COMPLETED, OR EVEN IMMEDIATELY THEREAFTER: RECORDS ARE RETAINED BY
CREDIT REFERENCE AGENCIES FOR A FURTHER SIX (6) YEARS (AFTER THE DEBT
HAS BEEN SATISFIED OR DISCHARGED). SUPPLYING FALSE INFORMATION ON A
CREDIT APPLICATION FORM COULD AMOUNT TO FRAUD AND CONSTITUTE A CRIMINAL
OFFENCE.
WE
NOTE THAT IN PARAGRAPH 3.3 OF THE OFT'S DEBT MANAGEMENT GUIDANCE BOOKLET
(OFT366) THAT THERE IS NO REQUIREMENT FOR ADVICE AGENCIES SUCH AS OURSELVES
OR OUR CLIENTS TO HAVE A FORMAL CONTRACT WITH THE CLIENT.
WE
FULLY AND WHOLEHEARTEDLY ABIDE BY THE OFFICE OF FAIR TRADING'S BOOKLET
DEBT MANAGEMENT GUIDANCE (OFT366). COPIES MAY BE OBTAINED FROM THE OFFICE
OF FAIR TRADING.