What is a Termination Notice?
Introduction
Termination Notices usually arise from mail order accounts where relatively small monthly payments are required to maintain the account. However, as most mail order companies do not send out reminders, these payments often get neglected and slip one’s mind.
Without your knowledge the mail order company may terminate your account as a bad debt, which will seriously affect your credit rating once registered with the agencies.
If you need to check your credit files check out Repair Your Credit History for the standard letters to send to the major credit reference agencies.
Unlike the procedures for the Removal of CCJ’s you cannot have a default notice removed without the consent of the relevant creditor/lending institution.
In this section you will find all the procedures and correspondence to help you arrange the removal of the notice.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]