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. |
