What can I do if I have a debt I cannot pay?
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, or
- 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, and
- The value of your home and other expensive belongings.
You can get free advice on debt issues from:
Citizens Advice Bureau
CABNI provide free, confidential advice and support. You can contact their free Helpline.
Telephone: 0800 028 1881
(Monday to Friday 8am to 6pm)
You can contact the Belfast Head Office to enquire about face-to-face advice in one of the local CAB offices.
Telephone: 028 9023 1120
Email via website: https://www.citizensadvice.org.uk/nireland/
StepChange provide free, confidential advice and support to anyone worried about debt. You can contact them over the telephone or online.
Telephone: 0800 138 1111
(Monday to Friday 8am to 8pm and Saturday 8am to 4pm)
Email via website: www.stepchange.org/Contactus/Sendusanemail.aspx
Free, confidential advice and support to anyone worried about debt.
Advice NI provide free telephone debt advice.
Telephone: 0808 801 0665
(Monday to Wednesday 9.30-3.30)