One of the most distressing aspects of being in debt is feeling that you are out of control. This sense of helplessness can be increased by the jargon used in the financial industry. If you don't understand what your creditors (lenders) are saying to you, how can you hope to negotiate with them to reach an agreement?
This jargon buster may help you cut through the red tape.
Official Receiver (or Trustee in Bankruptcy) |