Weighing up your credit risk

Missing a payment on credit cards or loans can prove costly. Niamh Hennessy reports on how your credit rating can be affected

AFRAID you won’t be able to pay your loan next month, or worried your mortgage is going to fall into arrears?

You are not alone and thousands of people, faced with falling incomes in Ireland are struggling to make monthly repayments on their bills. But what are the consequences of missing a payment?