​​Can’t Afford Minimum Payments?

If this is you, then it’s time to:

• Write down your income and expenditure (no cheating!) using our budget sheet​
• Work out what’s left (it might be negative)
• Think about reducing expenditure and increasing income
• Join the Money Saving Expert Credit Club to get your free Credit Report to get an update on your debts
• Negotiate with your creditors (Rent, Council Tax, Gas, Electric, TV Licence first)
• If you've got enough left, offer small amounts to each creditor to start paying off your debts
• If you haven't got enough left, contact a free debt advice agency

 
If course, some of those steps can be complicated – if you’re struggling (and to be honest we’re not surprised as it can be hard) then do get in touch with us or another free debt advice agency such as us - we are affiliated to CMA (Community Money Advice), or CAB, StepChange,  or Christians Against Poverty. Don't go to any companies offering free debt advice - they have to make money out of you somehow!