By Mr Bankruptcy
10th July 2020
Many industries and professions have their own specific words and terminology. For those who aren’t a regular part of that industry, jargon can be an impregnable barrier to understanding what’s happening and what you need to do.
If you find yourself with an unmanageable debt for the first time, you’ll come across a whole new vocabulary use by debt professionals around debt, insolvency, bankruptcy and potential ways out. To give you a head start, here’s an overview of some key terms you may hear.
Key terms in debt management
These are some of the more common terms you may come across:
Get advice, not jargon
Getting to grips with debt is daunting and the use of unfamiliar words and terms does nothing to help an already stressful situation. The use of an excessive amount of jargon impedes clarity for clients, which can put them off asking questions. That’s why, at James Rosa Associates, we give clear advice in plain English to help you become debt free and we ensure industry jargon doesn’t keep you in the dark.
James Rosa Associates
James Rosa associates is a firm of debt advisors and debt adjustors. With a supportive and friendly approach, we offer a full range of advice and professional services to individuals and business owners/directors facing unmanageable debt or involved in civil or commercial disputes.
Our services include:
● Insolvency support
● Negotiated settlements
● Personal assisted bankruptcy
We are authorised and regulated by the Financial Conduct Authority (FRN665061) to work with clients to produce bespoke solutions to fit their specific circumstances.
Find out if you qualify for a free consultation
If you want to deal with an unmanageable debt, or bring a dispute to a swift and cost-effective resolution, contact James Rosa Associates, ring 0845 6807217 or email email@example.com to find out whether you qualify for a free consultation.
Please be advised that all views expressed in these posts are those of the author and not of James Rosa Associates ltd.