Ten Step Programme to debt management

Post Credit-Crunch, some residents have sought debt advice. Outlined below is Government advice for your consideration.

Keep going, help is at hand:-

1. Take a deep breath
2. Be prepare to make sacrifices where workable

3. Seek Guidance - see below
4. Prepare a budget (i) income (ii) assets (iii) other (iv) outgoings (iii) balance

5. How much do you earn/receive in benefits/other?

6. How much do you owe and to whom?

7. Pay your rent/mortgage to prevent losing your home (see options below)

8. Pay such debts as water and heating next

9. Show your budget to creditors and ask for support - as in Guidance below

10. Take a deep breath

Seek guidance first: Call Citizens Advice Bureau 01992 635858 or HCC's Money Advice Unit 01992 555555

http://www.nationaldebtline.org.uk/

http://www.adviceguide.org.uk/

http://www.adviceuk.org.uk/

http://www.debtfreedirect.co.uk/ and other similar sites explain about IVAs where Government Insolvency Act can clear personal debt over £15K from £200pm.

http://england.shelter.org.uk/get_advice/repossession/mortgage_arrears/homeowners_mortgage_support