question category: Money Management

What are Arrears?
Submitted on: 5th Nov 2008 by Non-Member | Total Answers: 1

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Arrears

Arrears happen when you fail to meet your contractual repayments on loans, credit cards, mortgages, rent, rates and other finance.

If you are in serious arrears don't ignore them - get some good debt advice and get your finances back on track. Ignoring arrears will mean you are incurring additional fees and your debts will be growing.

If you in this position PLEASE get help.

Submitted on: 5th Nov 2008 by TA Member

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