Debt advice resources

You may be eligible for benefits:

You don't have to be unemployed to receive benefits. The UK Government provides a whole range of benefits to assist UK residents.

• You can do a quick self assessment on the UK Benefits Assessment web site to give you an indication

Adjust your budget to suit your circumstances:

Make a detailed list of all your income and outgoings using your bank statements as a guide.  You will be able to determine where the majority of your money goes & it should be easy enough for you to identify areas where you can make economies.  Typical areas where you can make savings are on entertainment, clothing, impulse shopping etc.

We have attached a sample budget spreadsheet that you can download and use.

• Download now

Dealing with your debt problem:

If you are starting to miss payments on your debts and other priority bills, it is important that you take decisive action as soon as possible to avoid damage to your credit score, your general well-being and those around you.

You can do the following:

• Discuss your situation with all your creditors to try to arrange a suitable repayment plan that you can afford.

or

• Contact a Debt Advice Company; they can deal with all your creditors for you. 

What to do if you lose your job or your income is reduced:

• Immediately seek advice from your local benefits agency to see what benefits you could be entitled to.
• Immediately contact your creditors to discuss your situation, they may be willing to accommodate you in the short term.

Have a look a typical debt management applicant and an example debt plan

Visit our Debt management example page >>

Feel free to call us on 0191 454 0226 for a confidential discussion or send us a quick email.