More and more people these days are finding themselves unable to keep up with repayments on debts and bills, which is not surprising given the current financial situation. Over recent months household finances have taken a real battering, fuelled by higher borrowing costs, rocketing petrol prices, high food prices, hiked up energy costs, and other living cost rises. With households now struggling to make ends meet each month it is little wonder that so many people have been missing repayments, but invariable this has led to many sustaining damage to their credit files and credit rating.