Time Orders - Free Help and Advice
A Time Order is a Court order a debtor can apply for to make changes to the terms a credit repayment agreement with a lender.
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A Time Order can be used to reduce repayment and interest rates on a credit agreement.
Time orders are normally a temporary measure. For example, if you are likely to be able to return to making full payments or are in the process of setting up an IVA.
Stopping Repossession
A time order is particularly useful if you have a secured loan and your lender is threatening to repossess your home.
Maximum Debt for a Time Order
Time orders only apply to borrowing if your credit agreement is regulated by the Consumer Credit Act 1974. Time order cover loans:-
- up to £15,000 for credit agreements before 1st May 1998.
- up to £25,000 for credit agreements after 1st May 1998.
When can I apply for a Time Order?
- When a Default Notice, Calling in Notice or Termination Notice has been issued by your lender. The lenders can issue a default or termination notice and call in the loan if you have broken the terms of the credit agreement.
- When court action has been taken
If a creditor has started court action against you may apply for a time order to stop any potential ruling against you.
What To Do Next
Time Order, then please call us for FREE advice or submit the form on the left of this page.
We can help make an offer that will be affordable to you and acceptable to your creditor(s). By allowing us to negotiate with your creditors, we can normally come to an agreement without the need for Court Orders. We able to do this as we have a excellent relationship with most UK lenders.
Bankruptcy Alternatives
Debts over £15K ? An IVA maybe the solution for you. upto 70% of all Debts written off.
Bad Credit Loans
Specialists in helping UK residents who have been refused a loan elsewhere.
See Also Abacus Debt Advice- Debt Mangement Firm
This material is for general information and only constitutes advice in the broadest of terms. You should not rely on this information to make any decisions. Call our advisors on 0800 043 2444 for professional advice for your own particular situation.