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Explanation of Debt Term

Charge for Payment

This term is only applicable in Scotland and refers to when a specific timescale has been made clear to the debtor about how long they have to clear their arrears.


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  • 06 Jan 10
    Debt management companies face improved regulation


    The UK government is launching a consultation into the procedures of debt management companies. Kensington Financial Management Consultants welcome further industry regulation and are members of the Debt Resolution Forum – an organisation designed to increase standards within the industry.

  • 17 Dec 09
    Money problems top 2009 concerns


    A recent survey conducted by Samaritans indicates that 48% of the UK population has worried about their money problems and debt in 2009.