Credit Debts

Credit Debts are debts where the creditor does not have extra powers (for example - they can't take action to re-possess your home) so these debts are less imprtant than your priority debts (see Priority Debts in Related information).

The most common credit debts include:

• credit card debts
• personal loans with finance companies
• bank and building society loans and overdrafts
• store cards
• catalogues
• personal debts to friends and family
• doorstep-collected loans
• credit sale agreements
• trading cheques or vouchers

You may be tempted to treat these debts as a priority because your creditors are actively chasing you - either directly or through a debt collection agency. 

Don’t let you creditors pressure you into making arrangements
Ask one of the local or national advice and support agencies for help