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Terminology.
Wondering what a word means? We've got that covered too.
We try to keep the jargon to zero, but there are words that you will need to know their meaning. Did you know the word "mortgage" means "death pledge" in Old French?! Spooky. Anyway, use below to find words you may not know the meaning of. We got you.
L
Leverage
Cutting to the chase, Leverage is using borrowed money to make you a profit after all costs. For example, borrowing money to purchase a property that you sell on for profit.
Liability
A Liability in financial terms is simply something that costs you money or is a cost to you overall. If you have a property that is not rented out i.e., you’re paying the mortgage every month, it would be considered a liability. Many also mistake a vehicle as an asset, but it’s a liability.
Logbook Loan
Logbook loans are loans secured to your vehicle. In a nutshell, this means the lender “owns” your vehicle until you pay back what you have borrowed. This is generally overlooked as the car stays in your possession and you continue to drive the car or use it day to day.
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We want to support people who are in or at risk of debt. By drawing upon knowledge and experience of how money and debt works, we have produced a website full of up-to-date information, and useful tools to do just that.
Ultimately, we have one goal, and that is to educate people about debt, by simplifying complicated matters, so that anyone can understand.
More than anything we hope you find the information on this website useful, and that it helps you to take positive steps in the right direction.
To find out more about the different ways we can help you, head over to the 'How we can help you' section.
Simplifying complicated matters.
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Budget planner.
Do you know how much you have left at the end of each month? Do you need to send an income and expenditure to a creditor? We've got you covered. Our budget planner provides you with a simple and free way to view and track your spending.