Credit and debt
Your rights and obligations when you borrow money
What this chapter covers
- Credit contracts: Hire purchase, loans and other credit
Your rights to cancel the credit contract, information the lender has to give you, interest and credit fees, challenging unfair credit contracts and rules about repayment - Guarantors
The rules and protections that apply to people who agree to be responsible for someone else’s debt - Debt recovery and enforcement
How lenders can recover debts through debt collection agencies and the courts, including rules about when and how they can seize your property (“repossession”) - When you can’t pay your debts: Bankruptcy and other options
Information about bankruptcy and other processes – the no-asset procedure, debt repayment orders and creditor’s proposals - Where to go for more support
Other information and resources
