Ancillary Credit Business

Administrator
An administrator is a person appointed by courts or by private arrangement to manage the property and affairs of another person, particularly in cases involving deceased individuals without a will or debt administration.
Ancillary Credit Business
A comprehensive overview of ancillary credit businesses and their roles in credit brokerage, debt adjusting, debt counselling, debt collecting, debt administration, and credit-reference agency operations, according to the Consumer Credit Act 1974.
Debt Collection Agency
An organization that specializes in collecting the outstanding debts of its clients, typically charging a commission for their recovery services.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.