Debt Review School: What is a CoB?
Debt Review School
A Certificate of Balance or CoB is a fancy form provided by a credit provider with information about your debts with them.
It will show when the debt began, how much is owing and if there are any special fees attached to the account (like insurance).
The CoB can help in planning how to restructure debt repayments or in updating balances on the Payment Distribution Agent systems from time to time.