Unsecured credit agreements

Unsecured credit agreements

Having an unsecured credit contract, you obtain credit without guaranteeing protection into the creditor. For example, you signal an unsecured credit contract when you are getting credit cards or a cash advance. You’ve got an unsecured credit contract aided by the energy business if they link your gasoline, energy, water or phone. You might also need an unsecured contract with your dental practitioner for dental treatments.

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

To learn more by what to accomplish 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 usually takes action to seize your premises through a civil enforcement agency without the necessity for the judgment if:

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

Stopping a seizure of home

Confer with your creditor instantly. That you owe, the creditor may leave the seized property with you if you can start paying some of the money.


Garnishment is just a appropriate procedure that a creditor may take following the court honors a judgement against you. The creditor asks the court to use the cash (garnishee) your debt from a true amount of sources like

  • your earnings cheque
  • your bank account at a lender such as a bank, treasury branch, trust business or credit union
  • records receivable (money due to you by other people)

Banking account garnishment

A creditor who garnishees your money is permitted to make the whole amount of cash that your debt. […]