Types Of Creditors
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What can happen.... Different creditors are allowed different ways of recovering their money in law, which should be taken into consideration when you schedule your payments to creditors. | ||||||||||||||||||||||||
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Priority Creditors These debts should be tackled first before dealing with secondary debts. Whilst all debts are important some are more important than others. The law gives different creditors different ways of recovering their money. If you don't act quickly some creditors could:
The debts where these things could happen if you delay too long are; | ||||||||||||||||||||||||
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These have less power to recover debts, but should not be ignored. These include: -
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