Scheduling Debt
One of the first steps to clearing your debts is to understand your household expenses. To do this accurately, you should set out all of your income and outgoings in a schedule of means. This is a useful document to include with any correspondance to your creditors or their agents. You can fill in a statement of means by clicking here.
We have provided a calculator to enable you to work out a pro-rata payment schedule for your creditors. This can be sent to your creditors along with your statement of means. You can fill out a schedule of creditors by clicking here.
Once you have completed a schedule of creditors, you should approach preferred creditors first and obtain written confirmation of any reduction in payments you agree with them before you contact other creditors. Your schedule of creditors may need to be modified to increase preferred creditor payments.







