Sentences with phrase «seized because of a debt»

Not exact matches

Installment debt is much less risky for lenders to extend because the debt is generally secured by some sort of collateral (aka your house or your vehicle) which the lender can seize and resell in the event you stop making your payments.

This is because you have 28 days from the date you were served with the Statement of Claim to file a defence, otherwise the debt collector may obtain a judgment against you which they can use to seize your property or take your wages or savings.