If you find that you are unable
to make the full repayments to your creditors
or, alternatively, you make the repayments
and then don't have enough money to live,
it is time to address the situation now.
If you are having problems with a particular
debt you may like to go to one of the following
sections:
- Utility payments
- Council tax
- Mortgage arrears
- Hire Purchase arrears
- County Court Judgments
However, if your problem is a more general
one, the first step is to assess your income
and expenditure.
Complete the online income and expenditure
form. This will calculate how much money you
have left after essential expenses. Examine
how much you spend on various items and ask
yourself whether this is an essential item.
However, be realistic. Do not leave out items
such as clothes and medical expenses and don't
leave yourself struggling with the housekeeping.
The second step is to work out your total
monthly repayments to your creditors. Compare
this with the amount of money you have left
at the end of each month - it will be easy
to recognise whether there is a problem.
If you find that your repayments to creditors
are higher than the amount of money you have
left at the end of the month, go to the section
on debt solutions to discover the alternatives
available to you. Following that, contact
one of the following organisations for free
advice:
Payplan - The Free Debt Advice Agency
Freephone 0800 917 7823
Email: help@payplan.com
Web: www.payplan.com
Citizens Advice Bureaux - www.nacab.org.uk
National Debtline - 0808 808 4000
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