Dealing with debt
1 2 3 next steps
The sooner you face up to debts, the easier it will be to sort them out.
Step 1: How much do you owe?
List all arrears (missed payments), loans and credit commitments and when the payments are due. Some debts can cause more trouble than others so should take priority. If you can't pay them, speak to the creditor and try to come to an arrangement.
Priorities include:
- Rent/mortgage arrears (you could lose your home);
- Council tax arrears (you could land up in court);
- Utility debts (you could be cut off);
- Maintenance payments (via Child Support Agency);
- Court fines (there can be penalties if you do not pay these).
1 2 3 next steps