understanding financial jargon
If a lender wishes to enforce a loan regulated under the Consumer Credit Act where the borrower is in default they must issue a Default notice. This must set out the nature of the breach of the terms of the contract and how (and by when) this can be remedied by the borrower
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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