Debt Questions

hopefully someone can help me out here as due to a number of reasons my debt has got out of control and I basically can't live of the income I get.
I have tried to read as much about options as possible and I think a debt management plan is the likely solution.

I understand I will have to "cutback" and live on a "tight budget" but I was wondering how tight the debt management plan expects you to live from.

any help is appreciated

Debt Management companies - especially the non fee-charging ones which are the only ones we recommend - tend to use the Common Financial Statement guidelines which I can tell you do leave you an equitable amount to live on.

There are some payments that will only change from outside - rent/mortgage, council tax, utilities, TV licence, transport etc and then there are other amounts that are triggered if exceeded for things like food, clothing and other.. The figures are not issued as they are guidelines and creditors will only question them when exceeded. So if you write down your honest budget - but I am afraid cigarettes and large amounts of alcohol are out of the equation - then it should be accepted unless it exceeds the figures.

Go to your local CAB or telephone Payplan, CCCS or NDL for further advice on this.