Debt Dictionary | Financial jargon terms explained
Confused by complicated financial jargon? You're not alone. Find out how many Brits misunderstand common finance terms and get the real definitions from Lowell.
Discover our range of guides for help and support about all things debt related
Confused by complicated financial jargon? You're not alone. Find out how many Brits misunderstand common finance terms and get the real definitions from Lowell.
Managing your finances can be difficult, especially when prices are rising. Read our guide to discover how to get support during the cost of living crisis.
Have you come across the snowball method for debt but aren’t sure what it means? Read our guide to find out exactly how the debt snowball method works.
Need help dealing with your debt? Discover ways to get out of debt, where to find online debt help, and how Lowell can help you take control of your finances.
Are you in debt and wondering if you can get on the property ladder? Read our guide to discover the mortgage process and how debt affects getting a mortgage.
Not sure if an overdraft counts as credit or how it can impact your credit score? Read our guide to discover the impacts of planned and unarranged overdrafts.
Read Lowell’s guide to discover how to clear debt fast, if it’s a good idea, and how Lowell can support you including payment plans and debt solutions.
Wondering about how to clear your debt? We know dealing with debt can be difficult but paying off debt isn’t impossible. Read our guide to find out more.
Discover more about Individual Voluntary Arrangements (IVAs) in our guide including how they work, their impact on credit ratings, and where to seek advice.
A short-term solution providing you with temporary protection from your debts, read our guide to discover more about the breathing space debt respite scheme.
Administration orders are a type of debt solution, but what are they and how do they work? Read our guide to learn all the basics about administration orders.
Bankruptcy may sound daunting, but it doesn’t have to be. Read our guide explaining what bankruptcy is, how it works, and how bankruptcy can affect you.
Household bills can quickly add up. Read our guide to discover tips on how you could save money on household bills and help take control of your finances.
At Lowell, we understand that debt can affect your mental health. Find out how you can manage debt and mental health with the support of Lowell.
We know that credit products can be confusing. To ensure you don’t accidentally fall into debt, read our guide on types of credit that could affect your credit.
Learn what’s on your credit file, how to check your credit score, and how a default impacts your credit rating.
Find out how the debt collection process works, including when your debt is sold, how debt collectors contact you and who Lowell.
Discover what impact a default has on your credit file, how long a default lasts, and how working with Lowell can help with a default on your file.
Discover more about different independent organisations who can help you with debt support, and how Lowell can help you to work with these services.
Find out how to deal with bailiffs, what bailiffs can and can’t take, how Lowell work with bailiffs, and how we can help you to clear your debt.
Discover more about debt discounts, how a Lowell debt discount can affect your debt, and how working with Lowell can help you to manage your debt.
Read our guide to debt management plans to learn about DMPs, how they affect your credit, and how Lowell can work with you if you have a debt management plan.
A CCJ, or County Court Judgment, can affect your credit report. Find out more about CCJs, how to manage them, and how Lowell can help with a CCJ in your name.
Discover our guide on how to recognise if a debt is yours, and your next steps with Lowell. If you're worried that a debt isn't yours, find out how we can help.
Discover different kinds of debt solutions that you can access if you're having problems with debt, and how Lowell can help you find free independent advice.
A general guide to help you understand the legal actions that Lowell can take, and the potential consequences if you repeatedly ignore Lowell when we get in touch.
Discover our guide on how debt purchasing works, how Lowell will protect your data, and how Lowell will work with you once we're managing your account.
Find out more about debt recovery, including the debt recovery process, what debt recovery agents do, and how Lowell can help you to manage your own debt.
A Debt Relief Order is a way to deal with debts if you can't afford to pay them. Find out how Lowell will work with you if you need a Debt Relief Order.
Discover more about problem debt, what it means, the signs and indicators, how to understand if you have problem debt, and how Lowell can work with you.
Have you seen Buy Now Pay Later options when online shopping? Read our guide on what Buy Now Pay Later means, how it works, whether it affects your credit score and more.
Find out about statute barred debt including what it means, when debt becomes statute barred, and how you can work with Lowell to clear your debt.
Discover Lowell’s guide on benefits and debt including the different kinds of benefits in the UK and whether having outstanding debt can affect each one.
Read our guide to redundancy and debt to learn about what to do, where you can find redundancy advice, and how Lowell can work with you to clear your debt.
Having an online account makes it quick and easy to manage your payment plan. Learn more about how you can manage your Lowell account online today.