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Do Not Let Your Accumulated Debts Worry You Anymore
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Nothing can get more embarrassing than a legal action being taken against you for the debts you owe. If you were to be taken to the court for it, it’s just way too much. However, here is the good news that you don’t have to go through all this and not helplessly alone.

Read on to find out what you should do in order not to put yourself in such an embarrassing spot, even though you don’t have all the money to fully pay back your debts.

Always budget before you borrow!

It’s always important to have a realistic idea of your financial position, your needs, your sources of money and your repayment capacity. Never indulge in unhealthy practices of taking a loan on a sheer urgency or need without analysing the above factors.

Have you borrowed more than your repayment capabilities?

If you have borrowed a little too much and are struggling with the repayment and if you think you have invited some trouble in the process, then relax. Make sure you go through the following steps to asses and handle the situation better.

  • Read and understand your loan documents. Verify your repayment schedule and your creditor’s claim.
  • Never delay to reply to your claim notice from your creditor, whether or not, it is correct.
  • Make sure to acknowledge or disagree with your creditor’s claims and debts listed on the claim.
  • If you agree that you owe part or the whole of the alleged amount as debt but you are unable to pay that amount in one go, negotiate a repayment schedule with your creditor.
  • See and ask if you can repay the amount in equated monthly instalments to your creditor.
  • If you disagree with your creditor’s claim, you should write about why you disagree with it. 
  • If your creditor accepts your repayment schedule, make sure you make your payments on time.

Despite trying all the above things, if for some reason you must be taken to the law of court and you have received a county court judgment against you, do not panic. You still have few options left to fight.

  • Apply for a review of your judgment. It is called a redetermination of your judgement and it should be applied within two weeks of the judgment.
  • Plead the count to change the payments. This is called a variation.
  • Check if the court can cancel your judgment. This is called ‘setting aside’

Click on https://www.scottishtrustdeed.co.uk/creditor-details/lowell-financial/ and talk to the experts out there. They offer a wide variety of debt solutions. Just discover your best options with them and follow their financial advice. They will help you get debt-free.

For further personal assistance and to help you plan your future finances and depts in a safer way, you should definitely talk to and get the help of professional financial management and debt management service.

Learn to efficiently and effectively use safe and secure money borrowing practices and you will never owe anyone any more money than you can repay.


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