debt counsellor

debt counsellor
A debt counsellor gives advice as to the management of debts and as such is likely to require a licence under the Consumer Credit Act 1974, if counselling 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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  • debt counsellor — ➔ counsellor * * * debt counsellor UK US UK (US debt counselor) noun [C] FINANCE ► a person whose job is to give financial advice and help to people so they can pay or manage their debts more successfully: »After a payment schedule is set up the… …   Financial and business terms

  • counsellor — coun‧sel‧lor [ˈkaʊnslə ǁ ər] , counselor noun [countable] someone whose job is to help or advise people comˌmercial ˈcounsellor JOBS COMMERCE someone who represents their country abroad and advises companies on trade between the two countries;… …   Financial and business terms

  • counsellor — (esp. BrE) (AmE usually counselor) noun person trained to advise or help people ADJECTIVE ▪ accredited (BrE), certified (AmE), professional, trained ▪ credit (AmE), debt (BrE) …   Collocations dictionary

  • credit counsellor — UK US UK (US credit counselor) noun [C] (also consumer credit counsellor) ► FINANCE a person whose job is to give consumers advice on how to manage their money and control their debt: »Credit counselors can help homeowners evaluate their monthly… …   Financial and business terms

  • Consumer Credit Act 1974 — United Kingdom Parliament Long title An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the …   Wikipedia

  • Credit counseling — (known in the United Kingdom as debt counseling) is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget. Credit… …   Wikipedia

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