Hear 4 You

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In this section...

  1. Debt
  2. Making a start
  3. Priorities
  4. Negotiating
  5. Harassment
  6. Increasing your income
  7. Court Action
  8. Bailiffs
  9. Bankruptcy
  10. Further Help and Advice

Debt

Making a start

Here is some basic advice about debt and simple guidelines for dealing with debt problems.

  • Collect together all the information about your money affairs. You need to know exactly what is happening.
  • List your income - everything coming in each week i.e. wages, all benefits, maintenance, contributions from anyone living in your house.
  • List all your expenditure - be honest and realistic.
  • Your resulting budget will show if you have any money left to pay your creditors.
  • List your creditors and how much you owe to them. Check the amount – do you agree?
  • If you have only a small amount of money left it is important that you pay this to your ‘priority creditors’.

Use this Financial Statement to get you started.