• List all money coming in and check benefit entitlement
• Ask yourself if everyone in the family is contributing as far as they can.
• Priority Expenditure: List your most important outgoings such as
  • Rent/Mortgage
  • Loans Secured on the house
  • Council Tax
  • Food & Housekeeping
  • Insurance
  • Electricity
  • Gas
  • Telephone
  • TV Licence
  • Travel to work
  • Prescriptions
  • Clothing
  • Other Small Items
• All of these are the things that you should pay FIRST
• Add these up and look at them carefully to see if there is any way that you can make a saving. Be realistic! but Try!
• Your main priority is to make sure that your basic expenditure is less than your income.
• Do you have any money left to pay your creditors?
• List all of your debts, including those that you are up to date with and including that overdraft.
• Be honest with yourself!
• You may owe £500 or £50,000 the basic principle is the same.
• Now share any money that you have left after paying for your Priority items.
• Do your best to ensure that every creditor has a fair share.
• The creditor that you owe the most to should have the biggest share of the money that you have left.
• Write to every Creditor making realistic offers of payment that you can stick to.
• The Creditor that shouts the loudest is not always the most important
• Don't let a nasty creditor get more than their fair share - it only encourages them to pester you even more
• Don't wait for the Creditors to agree, Take Control Now and start making regular sensible payments that you can afford.
• If your bank won't help you reorganise your payments go to another bank.
• If you need help then call in to see us!
  Our service is FREE

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