Debts - how to sort
them out
Now, more than ever, finances are
being stretched - but they don't always stretch far enough. Being
in debt can be a stressful situation, but working out how to
prioritise and address your debts does not need to be
complicated.
Most debt problems can be managed - this pack describes
how you can do this yourself in some simple steps, and provides
practical and straightforward advice that will help you work out
what's coming in, what's going out and how to make what's left work
for you. It will also help point you in the right direction if you
need further advice.
Download the full Debt pack
here
Or download individual sections:
Front Cover
Mayor's Introduction
How to use this pack
Stage 1 - Getting more money and managing
bills
Stage 2 - Checking whether you owe the
money
Stage 3: Sorting debts into priority and
non-priority
Stage 4: Drawing up a financial
statement
Stage 5: Dealing with priority debts - if you
own a home, if you pay rent, plus other priority
debts
FAQs
Financial Statement Example
Financial Statement Blank Document
Form N9A
Form N245
Letter to ask a non-priority creditor to write
off a debt
Letter to suspend payments to a non-priority
creditor
Letter to offer monthly payment to a
non-priority creditor
This pack is now also available in local service centres and
libraries.