Act Before Financial Pressure Becomes Arrears
Still paying on time, but finances are tightening? Check the warning signs and actual monthly shortfall before a payment is missed.
NOTICE THE CHANGE
Warning signs to take seriously
Using new credit for normal living costs, repeatedly moving debit orders, relying on overdraft for instalments, or expecting a near-term income drop can justify an early review.
- New credit for living costs
- Moving debit orders
- Overdraft for instalments
- Near-term income drop
LOOK AT WHAT IS DRIVING IT
Separate temporary from ongoing pressure
Identify whether the cause is a once-off expense, short-term income disruption or a structural gap between income and commitments.
Once-off expense · short-term income disruption
A gap between income and commitments
BRING THE INFORMATION TOGETHER
Check the full credit picture
A current multi-bureau report can help you see recorded accounts, enquiries and payment information before making a major financial decision.
EXPLORE THIS TOPIC
Find the guidance that fits your situation
BEFORE YOU DECIDE
Questions consumers often ask
Do I need to be in arrears before asking for advice?
No. Consumer credit guidance can be useful before a default, particularly when you are deciding which accounts, expenses or lender discussions need attention.
Will checking my own credit report hurt my score?
Consumer access to their own credit information is different from a lender’s application enquiry. Check each bureau’s treatment and report labels, and review the enquiry section for unexpected activity.
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