Frequently Asked Questions For Debts
Is it legal for me to not make my monthly payments as they should be?
Yes it is perfectly legal and if you think about it, it makes sense to accept from you what you can afford to pay and not try to force you to pay what you don't have.
Can the people I owe money to make me bankrupt?
Yes they do have that option if you cannot pay what you owe but they do realise that it makes much more sense to accept what you can realistically afford to pay
Will I lose my house?
There are many different options available to take control of escalating debts and payments, almost all of these ensure that your house will never be in danger of being repossessed
Will interest on my debts be frozen?
If you decide to pay your debts but would like to take a longer time to pay then interest is usually frozen to help you.
What type of debts can be included in a Debt Management Plan?
The type of creditors that can be included are: banks, finance companies, credit card companies, store card companies and the Inland Revenue. Mortgages and loans secured on your property cannot be included.
If you have any other questions, please complete thet form on this page and an adviser will give you a call, he will be able to answer all your questions, advise you of your legal rights and the options available to you.
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