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10.03.2015

Budgeting, Financial Management and your Payment

When Creditfix are helping you to prepare your proposal to creditors, your case officer will build a monthly income and expenditure. This will include all of the income you have and all expenses you need to pay monthly, including your essential expenses such as your mortgage, rent and utilities and council tax. There will also be payments for priority debts like secured loans and hire purchase. As well as essential expenses and priority debts there will also be monthly allowances for expenses such as food, clothing, maintenance, hobbies and other living expenses.

The way your payments are calculated is by deducting all of your monthly expenses and allowances from your total income. The remainder may be referred to as your surplus income, disposable income, contribution or monthly payment.

If at any point during your arrangement your income or expenditure changes, it is important that you notify us straight away so that we can make any necessary changes to your arrangement.

During your arrangement it is vitally important that you manage your money well. Sticking to the Income and Expenditure that you have prepared.

If you need more information about the options available to you in dealing with your debt, you can always speak confidentially with one of our friendly advisors on 0808 2085 198.

Write off debts you cant afford
Find out if you're eligible

Please select the total sum of your debt

Less than £6,000
£6,000 - £20,000
More than £20,000

How many creditors do you have?

less than 2
2 or more

What kind of debts do you have?

Credit Card
Store Card
PayDay Loan
Catalogue
Personal Loan
Overdraft
Gas/Electric/Water Arrears
Income Tax / National Insurance
Tax Credit/Benefit Overpayment

What type of property do you live in?

Owned
Rented
Private Rented
Living With Parents

Where do you live?

Scotland
England
Wales
Northern Ireland

At Creditfix we will only use your personal information to conduct your debt help application. You will be called by a member of the Creditfix team who will give you information on insolvency solutions. Creditfix will also send you an email and SMS to pass on a welcome pack.

If you consent to us contacting you for this purpose, please tick here