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About your debt
? Unsecured debts are sometimes referred to as non-priority debts. They are debts where your debts are not secured against your home or other assets. They will include items like:
  • Credit card debts
  • Personal loans with finance companies
  • Bank and building society loans, overdrafts and credit cards
  • Charge cards
  • Catalogue debt
  • Court judgment payments
?A creditor is someone you owe money. The number of creditors you have matters for some debt solutions like the IVA where you typically need 3 or more.
?CCJ stands for County Court Judgement. We need to know if you have any because some debt solutions can only be used if you have a judgement against you.
About your income
?In order for your creditors to accept a reduced monthly repayment from you they want to feel secure that your income is predictable and secure. This ideally means that you are employed. In some circumstances solutions can also be considered if your partner is employed and is willing to contribute towards your debt, or you are retired, in good health and have a regular income via a pension.

Your monthly income is a number you'll need to help you work out how much you can afford to repay each month.
About your home
?If you're a homeowner you may have equity in your home that can be used to help you consolidate your debts. The calculation of how much equity you have takes into account your homes value, how much is outstanding on the mortgage and debts secured against your home.
How much can you afford to repay each month? View Budget Table
?This is a very important calculation. You need to work out your income and expenditure and decide how much you could afford to repay your unsecured creditors if you didn't need to keep repaying their debts.
A couple of additional points we need to mention. Your creditors will expect you to live a relatively basic lifestyle so provide a figure that involves you living on a tight budget with little by the way of luxury items.
You also need to ensure you budget to keep paying priority debts. Priority debts give your creditors more legal powers and different ways of getting their money back. These can include repossession and disconnection. Priority debts include:
  • Mortgage arrears
  • Second mortgage or secured loan arrears
  • Rent arrears
  • Council tax arrears
  • Gas & electricity arrears
  • Magistrates' court fines
  • Maintenance arrears
  • TV licence
  • Hire purchase debts
  • Income tax, National Insurance and VAT arrears
About You
? It may be necessary for you to talk to a trained debt advisor where it looks like you qualify for two or more solutions and a more detailed debt profile is required, or to provide final confirmation that our recommendation is correct. The advisor we select will come from a trusted panel of advisors that have proven themselves to be the best at the solution our debt advice search identifies. They are on your side, any information you provide is confidential and most find talking to an expert hugely beneficial.