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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.

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People Helped

Creditfix has helped over 92,000 people with their debts

Trustpilot Score

Excellent rating on Trustpilot with a score of 9.4 out of 10

Combined Experience

Our Insolvency Practitioners have over 70 years’ combined experience

GLASGOW
4 West Regent Street
Glasgow
G2 1RW

MANCHESTER
Lowry Mill Lees Street
Pendlebury
Swinton
M27 6DB

CARLISLE
Unit 50. Carlisle Enterprise Centre
James Street
Carlisle
CA2 5BB

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