Navigating rental challenges: How to manage accumulating debts

Financial challenges can arise unexpectedly, and for many households, rent is the most significant monthly expense. When faced with unforeseen circumstances like job loss or health issues, debts can quickly accumulate, leading to a situation where they become overwhelming. The key is to act promptly and not let the situation spiral out of control.

Christian Erfurt

Understanding the gravity of accumulating debts

For many households, rent is a significant portion of their monthly budget. Unforeseen events, such as job loss or health setbacks, can lead to a rapid accumulation of debts. When these debts become too much to handle, it’s essential not to wait. Taking immediate action can prevent the situation from worsening and spiraling out of control.

Debt is negotiable

Being listed with the National Bank of Belgium (BNB) can sometimes result from mere oversight. However, in most cases, it’s a sign of excessive debt that could push a household towards bankruptcy. To prevent or overcome over-indebtedness, it’s crucial to consider debt mediation as soon as possible.

What is debt mediation?

Debt mediation is a service designed to help individuals restructure their debts when they accumulate beyond manageable levels. This assistance can be sought from the Public Centre for Social Welfare (CPAS) in your municipality or the labor court. A debt mediator will then assist you in negotiating your ongoing loans with your creditors. This could lead to an extension in the repayment duration or even a debt waiver.

How can a debt mediator assist?

A debt mediator’s primary role is to provide valuable advice to help you navigate your financial challenges. With their expertise and established relationships, they have a unique rapport with partners, such as real estate bearers, who can assist in liquidity. Beyond homeowner credit, you can also explore real estate porting to meet your debt obligations and potentially secure additional financing for personal needs. The debt mediator will guide you through the necessary steps to regain financial balance.

Seeking further assistance

If you’re unsure about how to address accumulating debts, it’s always a good idea to consult experts in the field. Websites like "Mes Finances" offer a wealth of information and resources tailored to individuals facing financial challenges in Belgium.


Facing financial difficulties, especially in the realm of real estate, can be daunting. However, with the right guidance and proactive measures, it’s possible to navigate these challenges and find a path to stability. Debt mediation, in particular, offers a structured approach to managing and restructuring debts, ensuring that individuals can continue to enjoy their rented spaces without the looming threat of financial instability.