There have been some recent changes to the law regarding credit reporting and privacy protection. The aim of the law is to balance a person’s interest in protecting their personal information with the provision of sufficient information to credit providers for the purposes of credit assessment.

A debt occurs when one person (the debtor) owes money to another (the creditor). People can get into debt in any number of ways; they receive regular demands for payment of accounts for such things as electricity, doctors’ fees, loans and credit cards.

If you, as a debtor, receive an account, then ask:

1 Do you owe the creditor the money?

2 Is there any reason why you shouldn’t pay the debt?

3 Can you afford to pay the debt?