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Write off the debt


In some situations, it may be possible to ask your creditors to write off your debts if you have no available income to make any payments, and you have no savings or assets.

This would normally only be possible if your circumstances are exceptional and unlikely to improve in the future, for example, you have a severe illness. The idea is to get your creditors to accept that it is not appropriate to take any further action because of your situation.

Writing off the debt can help relieve the stress and anxiety of debt where you are in an exceptionally difficult situation.

Creditors do not have to agree to write off the debt and it will still show up on your credit file, which may affect your ability to get credit in the future.

To find out if writing off your debt is an option, talk to one of the debt advice services featured on