Advice on avoiding problems
If you find you are getting into difficulties, there are some do's and don'ts you should be aware of. You should also consider all of the options available to you; your advisor will be able to give you details on the best option for you.
Do
- Check to see if debts are covered by insurance if you are paid off or off work sick.
- Get in touch with creditors straight away if you run into difficulties.
- Seek advice if you feel that you can't cope on your own.
- Tackle priority debts first - this could avoid homelessness, wage arrestments, poindings/warrant sales.
- Offer even the smallest amount to your creditors to show that you mean to repay the debts.
- Let creditors know if you cannot make an agreed payment. As long as they are kept informed, you can usually prevent action.
- Return court documents giving all the facts.
- Keep records and copies of all letters you receive or send.
Don't
- Ignore the problem - the longer you wait, the worse it gets.
- Borrow more money to pay off your debts without taking advice first.
- Give up trying to negotiate with creditors even if they seem difficult.
Contact us for a copy of our self help guide on dealing with debt.
Unified Solutions.