County Courts Act 1984

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It’s not just a historical relic; it’s highly relevant even today, especially if finances matter to you.

There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.

Changes over time for: County Courts Act 1984

Some charities cannot provide formal debt solutions, such as Individual Voluntary Arrangements (IVAs). Here, you can see this forum user on MoneySavingExpert has received a letter saying interest will be claimed against them as part of the County Courts Act 1984 Section 69 and they are looking for advice. What is the Commercial Debts Interest Act 1998? MoneyNerd Limited introducer for Age Partnership Limited who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 425432).

This base rate of interest applied to the debt under the 1998 Act is simple interest rather than compounded interest.

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The initial ways to avoid going to court and potentially having to pay a rate of 8% interest is to communicate with your creditor and: As an example, debt write-off of 85% has been achieved by 14.32% of our customers on approved IVAs in the last 12 months. (Dated 07/11/2023) Debt solutions such as IVA, Debt Management, DRO and Bankruptcy will have a negative impact on your credit rating. As part of our free service, we’ll look at your financial situation, explain the available options, and then recommend a debt solution which could be suitable for you. Depending on the solution, fees may be involved, which would be fully explained, and details provided in writing. You will also have to face long-term financial implications for unpaid debts and legal actions. This includes a negative impact on your credit score. So, the best option is to avoid them taking legal action. How to Avoid Debt Court Action