Personal finance

Use this document to assign the benefit (i.e. to transfer the benefit) of the rights you have under a contract. Most rights are capable of being assigned - for example, rights to benefits under insurance policies, rights to repayment of a loan, rights to purchase property and so on. However, it is important to note that you cannot assign any rights under a contract if the contract expressly prohibits that. For use in Scotland only.

A beneficial owner of property is the person that holds the 'real' value of it. This 'real' value of the property is called the Beneficial interest.

This means that, for example, the beneficial owner of a home has the right to live in and use it, and receive any income that might come from it. A beneficial owner of a bank account is the person entitled to the money in the account, whether or not the account is in their name.

Use this document to give away or sell your beneficial ownership to another person, several people or a corporation. You can use it for any kind of property: e.g. a house or flat, money held in a bank account, shares in a company, a painting, or a car.

Some situations where you might use an assignment, rather than a legal transfer, include:

• when a home is mortgaged and you need give the right to enjoy the benefits of the home to new beneficiaries, while avoiding the need to settle the mortgage;
• when joint owners want to use an assignment to share the income from property to be more tax efficient; or
• when planning for inheritance-tax.

You can only use this document if the property is held on trust. However, check that your beneficial interest is not held under either a protective trust or a discretionary trust - a beneficial interest can't be assigned under either of these.

Use this document to assign the benefit (i.e. to transfer the benefit) of the rights you have under a contract. Most rights are capable of being assigned - for example, rights to benefits under insurance policies, rights to repayment of a loan, rights to purchase property and so on. However, it is important to note that you cannot assign any rights under a contract if the contract expressly prohibits that.

This pack contains all the documents you may need when terminating or assigning a contract including Buyer's notice to end a contract, Letter giving notice of termination of contract, Notice of assignment of the benefit of a contract, Assignment of the benefit of a contract.

Your credit rating matters- and you should take careful steps to safeguard it, and repair it if you feel it does not fairly represent your circumstances. This pack contains documents for you to start the repair process, and to report to credit card companies if you feel your account has been accessed without your permission.
See the individual information associated with each document in this pack for a full description of their use.

This document helps you to improve your credit rating by removing incorrect information from your credit files and adding explanations (where appropriate) as to why your credit history was bad. You can also use this document if you wish to “freeze” your credit to prevent fraudsters from opening accounts on your behalf. You should use our "Request for credit files" document before this one. YOU CANNOT USE THIS DOCUMENT WITHOUT YOUR STATUTORY CREDIT REPORTS. Please note that this document should not be used in cases of identity theft, where our "Identity recovery" document should be used instead. If there are credit agreements in your Statutory Credit Reports which you did not sign, you have been a victim of identity theft.

If there is an error on your credit card statement, you should notify your credit card company as soon as possible and can use this document to do so. This letter is only appropriate for use where your card is still in your possession, i.e. it hasn't been lost or stolen, but there are unknown charges on your account. It is good practice to send this letter by recorded delivery post and keep a copy for your records, so that you have evidence of your correspondence with the credit card company.

This letter should be sent to an organisation which has refused you credit, requesting them to review their decision and/or to tell you their main reason for refusing you credit and to send you the details of the Credit Reference Agency they used to justify the rejection. The lender may be persuaded to change its mind if you are able to provide additional relevant information that would not otherwise have been known to the lender, for example, that since you applied for credit you have obtained a better higher paid job. It may also indicate to you that there is something wrong with your credit rating; in which case, you can take further steps to rectify the problem.

Use this letter to inform your bank of an unauthorised cashpoint withdrawal that you have noticed when looking at your bank statement. The letter requests the bank to refund the money to your account.

Use this document to inform a creditor that you are having, or will have difficulties, maintaining your payments and to explain the reason why. The letter will ask the creditor to hold any action until an anticipated improvement in your financial circumstances occurs, or after you review your financial situation, you are able to formulate a proposal to the creditor for the debt.

Use this document to record your income from all sources and total expenditure, and to record what your debts are and where (if applicable) you have fallen into arrears with such debts.  The document will then calculate what surplus income (if any) you have.  With this information, you can review and make decisions about whether you need to reduce your expenditure, and if so, where you might make savings; and about how best to use any surplus income that you have.

If you are having, or know that you are about to have, difficulties making your mortgage payments, use this document to explain the problem to your mortgage lender. This document will help you outline the steps you will be taking and what assistance you would like from your mortgage lender.

You can use this document whether or not you are already in arrears with your mortgage account. It is best to tackle any problem or anticipated problem with your mortgage payments before it becomes unmanageable. This document may be used in conjunction with the document 'Income and expenditure statement'.

After you have completed a review of your financial circumstances using the document 'Income and expenditure statement', you can use this document to inform your creditor that you are unable at the present time to make a proposal for your debt, that you will contact your creditor again when your circumstances change and to request that your creditor hold action for the debt in the meantime.

After you have completed a review of your financial circumstances using the document 'Income and expenditure statement', use this document to make a proposal to your creditor for your debt, supported by your completed income and expenditure statement. This document can be used whether the debt to this creditor is a priority debt or a non-priority debt. Although a creditor does not have to accept your proposal, this document will improve your chances by guiding you towards making a fair proposal that is backed up by full and frank disclosure of your financial circumstances.

This is not a general guarantee for the payment of a debt but is only to be used as a guarantee where the creditor has commenced legal proceedings against the debtor for payment of an outstanding debt and interest. With this guarantee, the creditor promises to cease proceedings with the understanding that if the debtor does not pay, the guarantor will pay the debt in a series of instalments as specified within the guarantee.

This letter is for situations where a person or business has said that you owe them money in relation to goods or services and you're in dispute over it. You can use it to try and settle the matter by compromising in order to prevent the matter going to court.

If you make a reasonable offer that's rejected and the issue goes to court, you'll have a better chance of any ruling about who pays the legal costs going in your favour.

You can use it if you've received a formal letter of claim, or in relation to an informal allegation or dispute about a debt. There are options to include details of any counterclaim you might have against the other party.

Use this document to generate a promissory note, which is a written promise that you – the ‘maker’ - will pay a fixed sum of money to the payee either on demand or on the date specified in the note. The maker can be a limited company, partnership or individual, and the payee may be either a named person or the bearer of the note on the date it becomes payable. Note that no provision is made for interest on the loan.

Use this document to generate a promissory note, which is a written promise that you – the ‘maker’ - will pay a fixed sum of money by way of instalments on specified dates. The maker can be a limited company, partnership or individual, and the payee may be either a named person or the bearer of the note on the date it becomes payable. The note allows for interest to be paid on the loan.

If you wish to assign the payment of a debt that is owed to you to another person (the assignee), you can use this document to do so. Once this debt has been assigned and the debtor has been notified of this assignment, the debtor will pay the debt to the assignee. This document will also create the required notice to the debtor, informing him/her that the debt has been assigned.

If you wish to guarantee an existing or future debt of another to a creditor, you can use this document to do so. This document is suitable whether the loan has already been given, whether the loan will be given at some time in the future or whether the loan will be given at the same time that this guarantee is being signed. The guarantee will also allow you to enter a limit to the amount of liability in the case of default.

If you wish to guarantee the obligations of another under a contract, you can use this document to do so. This guarantee should be used after the contract has already been signed or at the same time that it is signed as you will need to refer to the contract in the guarantee. This document allows you to place a limit on the amount the guarantor will be liable for in the case of default.

This is a package of letters that is designed to help a user take appropriate action to correct bad data in their credit files following on from an identity theft. Before using this document you need to use our "Request for credit files" document to produce the letters to credit reference agencies to obtain your Statutory Credit Reports. YOU CANNOT USE THIS DOCUMENT WITHOUT YOUR STATUTORY CREDIT REPORTS. In your Statutory Credit Report, there should have been credit agreement(s) in your name which you yourself did not sign, otherwise, you should use the document "Credit rating repair".

You should use this document to obtain a copy of your Statutory Credit Files to find out if there is incorrect information in your files, whether this is due to identity theft or error. The document will create the 3 letters you need to send to the three main credit reference agencies: Experian, Equifax and TransUnion (formerly Callcredit). When you receive your files, you should use our "Credit rating repair" and "Identity recovery" documents, as appropriate, to fix your credit rating.

This is a personal loan agreement between individuals. It is appropriate for use between several individuals on either side of the contract. It is also appropriate for a fixed-sum cash loan which is granted outside of the course of business of the lender. This agreement provides options for instalment payments and interest charges. This agreement cannot be used where the lender requires security over the loan. This loan agreement is designed for use in England and Wales only.