The first step will be to contact the loan providers and explain the situation. They should have a procedure in place for customers who have a sudden drop in income. If they are not helpful or start to hassle you, get in touch with a free debt advisor, such as the CAB or the Debt Advice Foundation, who can help you manage the loans on the income you now receive and can contact the creditors to negotiate on your behalf.
“What we like most about the help the Debt Advice Foundation provide is it’s balanced and fast. You’ll get the right solution suggested confidentially in hours not days.”
Re: working but are in hospital and will be for long time ...
The first step will be to contact the loan providers and explain the situation. They should have a procedure in place for customers who have a sudden drop in income. If they are not helpful or start to hassle you, get in touch with a free debt advisor, such as the CAB or the Debt Advice Foundation, who can help you manage the loans on the income you now receive and can contact the creditors to negotiate on your behalf.
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