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Debt - Is my credit rating going to be affected?

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?

Is my credit rating going to be affected?

If you are failing to make repayments, then yes your credit rating will be affected negatively. You will probably not be able to borrow more money while you are repaying your debts. A note may have been put on your file blacklisting you from getting anymore credit.

 
 
 
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