debt adjuster

debt adjuster
A debt adjuster negotiates terms with a creditor on behalf of an individual or takes over a debt in return for payment or otherwise performs similar activities connected with the liquidation of a debt. A licence is required under the Consumer Credit Act 1974 when dealing with debtors or hirers (other than companies) in respect of credit or hire agreements not exceeding ₤15,000.

Easyform Glossary of Law Terms. — UK law terms.

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