Below we have outlined the most common questions asked about debt.
Please click on a question to get the relevant answer.

Is my credit rating going to be affected?
I am being threatened with court action, what can I do?
Can I go to prison for debt?
Will I lose my house?
What is consolidating debt?
What is an IVA?
What are debt management services?
What is bankruptcy and when should I declare it?
Will I be able to get a mortgage or credit in the future?

I am being threatened with court action, what can I do?

If you have failed to repay your creditors they may have appealed to a county court to step in, decide how much you can afford to repay and enforce that decision.

If you have a county court judgment (CCJ) against you then it will reduce your credit rating. If you can, try to appeal to your creditors and offer them an honest deal on what you can afford to repay. It always looks better if you voluntarily repay a loan rather than being forced to.

Don’t panic and don’t be afraid to take advice, even from your creditor, as you might be able to work out a deal even if a CCJ is filed against you.

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