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Debts and Collectors: Escaping the Debt Trap

A programme for those stuck in loans, microloans and arrears. You will study how the debt burden works and which lawful exits exist. Dedicated blocks cover inventorying debts and calculating the real burden, payment priorities and the snowball method, restructuring and refinancing, credit holidays and deferrals, negotiating with the bank and letter templates, microloans and their specifics, guarantors and co-borrowers, rights in enforcement and dealing with bailiffs, what collectors may and may not do, protection from pressure and psychological coercion, the court order and how to cancel it, and settlement agreements. The final part is financial recovery: budget, safety cushion, avoiding new loans, credit history. By the end you assemble a personal debt-exit plan.

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