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Struggling with debt?

Find out if you are eligible to write off unaffordable debt.

2 Answers

TAD Member

12 months ago

We would need further details about your situation before we can help you with your query.

We can offer you further help – http://www.talkaboutdebt.co.uk/debt-help

TAD Member

12 months ago

A house repossessed and sold may result in a profit or a loss; so you may receive a payment or a bill or nothing at all. Things to consider could be the terms of any mortgage, or security, that you are liable for on this property, the terms of any divorce agreements may need to be met. It could be that it affects your credit rating of there is a repossession debt in your name. As the answer to your question may depend on many things it would not be possible to give a specific answer based on the information you have provided.

This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you need further help, Debt Advice Foundation provides a free, confidential helpline and can advise you. Click here to find out more.

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