Debt diagnosis
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Debts staying the same
If you're paying off as much as you can each month, but your debts are not getting any smaller, you're in trouble and need to get advice.
Things getting nasty
Whoever you owe money to will eventually take steps to get it back. You could end up being taken to court, and if you end up with a county court judgement (CCJ) against you it will affect your credit rating for years, especially if you can't settle the fine within 30 days.
You may also get a visit from the bailiffs, who can take away enough of your personal possessions to sell to cover what you owe. If you have hire-purchase agreements, the creditors may simply take back your car or musical equipment, which could cause serious problems if it's your livelihood.
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