In recent years and for the past last decade, growing level of Debt has become a major concern for many of us as it can affect anyone anywhere.

Your credit history can also be known as your financial CV. Finding time to monitor your credit score is vital if you are keen to preserve or improve your credit score.

A bailiff may visit your home if you do not pay your debts - such as Council Tax bills, parking fines, court fines and county court or family court judgments.

We renegotiate the loan agreements with your lenders on your favourable terms according to your affordability as per the income and expenditure statement you provide.

Tax Debts also known as Revenue debts including overpaid benefits, self-assessment tax, VAT and PAYE/NIC generally cannot be included in a DMP although tax debt is an unsecured debt.

First Credit Advice Limited will assist you with your mortgage arrears by making reduced and affordable repayments towards your outstanding balance of arrears.

This happens when the amount your home is sold for is not enough to pay the outstanding mortgage and any secured loans.

A Default occurs when an account has had consecutive missed payments and is subsequently closed by the lender. When the lender considers that the relationship between you both has broken down, it can record a default.

County Court Judgement (CCJ) is a Part of public information on your credit report and has a very serious impact on your credit score. Lenders usually do not prefer to lend someone with a CCJ on credit file.

Insolvencies includes Bankruptcy, Individual Voluntary Arrangements (IVAs), Protected Trust Deeds and Debt Relief Orders (DROs) etc. Each form of insolvency is completed in different periods of time.

Sometime a personal or business account is closed by bank without giving any details to the customer. A major reason behind this action is CIFAS marked against your name.