1. Can a Written-Off Loan Still Be Chased in the UK? If your old loan was written off, it usually means the lender decided they could no longer collect payments. However, “written off” doesn’t always mean “wiped out.” The debt…
1. Who Were Welcome Finance? Welcome Finance was a UK subprime lender that issued personal loans, secured loans, and car finance, mainly to borrowers with poor credit. The company collapsed in 2011, but its loan book was sold to debt…
1. Background on Welcome Finance Debt Welcome Finance was a subprime lender that collapsed in 2011. Many of its loans were sold to debt collection agencies, which means borrowers may still receive demands for repayment years later. The key question…
1. What Does “Statute Barred” Mean in the UK? A debt becomes statute barred when it is too old for a creditor to enforce through the courts under the Limitation Act 1980. This law sets time limits on how long…
1. Introduction to Cash Flow Forecasts A cash flow forecast report is a financial planning tool that estimates the money flowing in and out of your business over a set period. It helps predict whether your company will have enough…
1. Understanding Business Loans with Bad Credit Loans for businesses with bad credit are financing solutions available to companies that struggle with low credit scores. These loans help businesses access capital despite financial setbacks or poor credit history. 2. Why…
1. Why Start an Online Business in the UK? The UK has a thriving digital economy, making it an ideal place to start an online business. With lower setup costs, flexible working hours, and access to a global audience, entrepreneurs…
1. What Are UK Startup Business Grants? UK startup business grants are financial awards provided by the government, charities, or private organisations to help entrepreneurs launch or expand their businesses. Unlike loans, grants do not need to be repaid, making…
1. Introduction to Business Plans A business plan is a written document that outlines your company’s goals, strategies, financial forecasts, and operations. Knowing how to write business plan effectively helps attract investors, secure loans, and guide your startup toward success.…
1. Understanding Copyright Law Copyright law protects original works of authorship, such as books, music, films, art, and digital content. Breaking this law means using someone else’s work without permission or proper licensing. 2. Examples of Copyright Infringement Some common…
