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?
Will I lose my house?
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.
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