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Time Orders - What is a Time Order?

A time order is a court order that a debtor applies for in order to make changes to the terms and conditions of a credit repayment agreement with a particular lender. Time orders can be utilized as a means of reducing payment and the interest rates on a credit agreement. Time orders are usually temporary measures. If, for instance, you are likely going to be able to continue making full payments at some point in the near future or are in the process of setting up an IVA, then a time order may be the right move for you.

Stopping Repossession

 

Yes. Time orders are particularly useful for this purpose, particularly in the case of secured loans.

Maximum Debt for a Time Order

 

Times orders cover loans of

• up to £15,000 for credit agreements before 1st May 1998.
• up to £25,000 for credit agreements after 1st May 1998.

When can I apply for a time order?
You can apply for a time order when a default notice, termination notice, or calling in notice has been issued by your lender.
You may also apply for a time order when court action has been taken against you by a lender. 

I'm considering applying for a Time Order

If you are interested in taking out a time order, we recommend you contacting us directly for advice. Alternately, fill out the form on the left of this page, and we will get in touch with you right away. The benefit of working with Betterway is that we can help make an offer that is affordable to you and conforms perfectly with your current financial situation. As we have an excellent working relationship with most of the lenders in the UK, we have experience in helping folks from all walks of life.