F Flashcards
What is Family or Friend Loan?
Money that is owed to a friend or family member.
What is Final Discharge?
A court notice that shows your bankruptcy has ended. This document will mean you’re debt free and the bankruptcy period is over.
What is Financial Statement?
Better Known as a Paystub is a summary of your income and expenditure over a period of time, usually a calendar month, which can be sent to your creditors to show how much you can afford to pay towards your debts.
What is Fixed Rate?
A fixed rate is an interest rate that doesn’t changefor a set period of time.
What is Full and Final settlement?
A way of settling the account by paying a lump sum that may be less than the outstanding balance. It is agreed by all parties that the debt is settled whenthis payment is made.
