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These are debts where money has been loaned to you without you having to provide any security. These include lots of different types of debts where the creditor hasn't got extra powers e.g. they cannot take your home. The most common credit debts include:
Though you can be taken to court if you have failed to keep up the agreed payments, as long as you don’t ignore the problem and you respond to court documents with details of your financial circumstances, you will generally only have to pay what you can afford in line with your budget.
