If you are in iva-glossary/debt” class=”kblinker” title=”More about debt »”>debt with a company or lender »”>lender, they are entitled to call in their loan »”>loan at any time. Many are now doing so. It is, after all, their money. Defaulting on a paying arrangement made between yourself and the lender can (and these days most certainly does) lead to the lender (or creditor) starting a process of recovering the monies owed to them, and quite often these cases end up going through debt collection companies, solicitors and sometimes the courts. It seems that Britain has long


More here: Debt Terminology Explained

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