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?
Property repossession can only occur if you fail to repay your mortgage or any loan you specifically secured against the value of your house. For this reason it is vital that you keep up with your mortgage and secured debts above all others. If you are starting to fall behind on your mortgage repayments do not panic, but seek advice immediately.
Only Finance Ltd is authorised and regulated by the Financial Services Authority, FSA registration number: 466941. Our registered offices are 1 Kings Avenue, Winchmore Hill, London N21 3NA, company number: 05640662. Telephone 0207 377 1805.