Unsecured credit agreements

Having an unsecured credit contract, you receive credit without guaranteeing protection to your creditor. As an example, you signal an unsecured credit agreement when you obtain credit cards or a loan that is payday. You have got an unsecured credit contract using the energy business once they link your gasoline, power, water or phone. You might also need an agreement that is unsecured your dental practitioner for dental hygiene.

Unsecured creditors can sue you if you don’t spend your bills.

To find out more by what to complete in the event that you don’t Pay tipsheet and seek legal advice if you are sued, see the What Creditors Can Do.

Seizing home

Creditors can take action to seize your home through an enforcement that is civil with no need for the judgment if:

  • you’ve got purchased products by way of a time product product sales contract and you’re behind or have never made any re payments
  • the creditor is guaranteed by way of a chattel home loan along with re re payment arrears
  • your debt is lease owed up to a landlord

Stopping a seizure of home

Confer with your creditor straight away. Whenever you can begin spending a number of the cash which you owe, the creditor may keep the seized property with you.


Garnishment is really a legal procedure that a creditor usually takes following the court prizes a judgement against you. The creditor asks the court to make the cash (garnishee) you borrowed from from a true amount of sources like

  • your income cheque
  • your bank account at a lender such as a bank, treasury branch, trust business or credit union
  • records receivable (money because of you by others)

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