Money Management...

"Think you may have a problem?"

If you are behind with Payments and have received an arrears notice download this Arrears leaflet with some important information to help you.

Download OFT Arrears Information (57kb)

If you have been sent a default notice threatening action against you download this Default leaflet with some important information to help you.

Download OFT Default Information (57.4kb)

Take a few moments to answer these questions...

If you answer yes to most or some of these questions.......you may need help.

Do you avoid opening the mail? Do you avoid answering the phone? Do you have no money left the day you get paid? Do you only pay the minimum on your credit cards each month - when you can? Do you pay late fees? Have debt collectors been in contact with you? Have bailiffs been knocking at your door? Have you received a court summons about a debt? Are your household bills unpaid?

YES......   OR   NO......

WARNING SIGNS OF DEBT PROBLEMS.....

..............You should be concerned if..........................

• You don’t have any savings
• You make minimum payments on your credit cards
• You now use your credit cards for things you previously bought with cash e.g.groceries
• You have more than two or three major credit cards
• After you pay your credit card bill, you increase your balance (or top up) by the same amount, or more, the following month.
• You are at or near your limit on your credit cards
• You are unsure of the total amount you owe on all of your debts
• You take out cash advances on your credit card to pay other bills
• You have tried to make a purchase using your credit card, which was declined
• You have been denied credit
• You bounce cheques
• You receive calls from debt collectors
• You hide the truth from your partner or family about your spending
• You hide statements (bank or credit card) from your partner or family

IF SOME OF THESE STATEMENTS APPLY TO YOU.......IT IS TIME TO TAKE ACTION. 

If you feel your problem may not be severe, there may be simple steps you can take to help bring yourself back on track.......take a look at this section for further help on budgeting.

Click here for budgeting advice......

If you feel you may need further advice, we may be able to help

Click here for ’A helping hand’........