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Last updated:
30/07/2018

What if I have a debt I cannot pay?

  1. Overview
  2. Can a bank lend to me when I am unwell?
  3. What does ‘capacity’ mean?
  4. Free help is available
  5. Should the bank protect me?
  6. What if I have a debt I cannot pay?
  7. How can I complain?
  8. Can I return things I bought when I was unwell?
  9. Next steps

You have a number of options, including the following:

  • Pay reduced and affordable payments
  • Offer a lump sum
  • Ask the lender to write off the debt
  • Apply for a debt relief order
  • Apply for bankruptcy

Not all of these options will be right for you, as it depends on your situation. The following things could affect your decision:

  • Your income
  • The amount of money you owe
  • The type of debt you have
  • The value of your home and other expensive belongings

You can get free advice on debt issues from National Debtline and StepChange. More information on these organisations including websites, phone numbers and opening times can be found in our next steps section

Free, confidential advice and support to anyone worried about debt.

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Within this subject

  1. Overview
  2. Can a bank lend to me when I am unwell?
  3. What does ‘capacity’ mean?
  4. Free help is available
  5. Should the bank protect me?
  6. What if I have a debt I cannot pay?
  7. How can I complain?
  8. Can I return things I bought when I was unwell?
  9. Next steps
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