Debt
Falling into debt is nothing to be ashamed of. It can happen to
anyone at any time. If you're struggling, why don't you ask for a
helping hand to dig your way out?
Debt can spiral unless action is
taken. It can result in court judgements against you,
repossessions, and ultimately losing your home. Only you can stop
it getting that far.
Take a look at our useful contacts page for places where
you can find free advice.
Action plan
Debts can be split into two
types: priority and non-priority.
It's important to deal with the
priority debt first, as non-payment of these can result in the most
serious action being taken against you.
|
Priority |
Non-priority |
| Council tax |
Credit cards |
| Rent |
Catalogue debts |
| Utility bills (water, gas, electricity) |
Bank overdrafts or loans |
| Maintenance/child support |
Loan from finance company |
| TV licence |
Loan from friends/family |
| Magistrates Court fines |
|
| Social Fund loans |
|
| Benefit/tax credit overpayments |
|
| Hire purchase or conditional sale |
|
Do's and Don'ts
Take a look at our do's and don'ts for advice on tackling debt.