Bailiffs can place an arrest their income streams and bank accounts and sell their cars and homes.
Also there’s a debt registry you can be put into if you’re like 3 months overdue and don’t come to some kind of agreement with whoever you borrowed from. Usually the banks are pretty lenient if you go to them with a proposal to pay off the debt in small installments because it’s less messy than going to court and getting a bailiff appointed
Bailiffs can place an arrest their income streams and bank accounts and sell their cars and homes.
Also there’s a debt registry you can be put into if you’re like 3 months overdue and don’t come to some kind of agreement with whoever you borrowed from. Usually the banks are pretty lenient if you go to them with a proposal to pay off the debt in small installments because it’s less messy than going to court and getting a bailiff appointed
Ok, so in your country the debt registry functions as a credit score to warn lenders about deadbeat borrowers
Yes but it’s pretty difficult to end up there and most people never do. Meaning all our data is safe.