Personal Money Management Infosheets

• Self Help Budget Pack
• Model Letter to Creditors
  
• Further action creditors can take
  
• Bank Current Account issues
  
• County Court Procedures
  
• Mortgage, Second Mortgage and Secured Loans
  
• Not enough money to cover your ourgoings?
  
• Priority Payments
  
• Working out pro-rata payments
  
• I'm making reduced payments - what should I do now?
  
• Bailiffs
  
• Token offers of payment
  
• Consolidation Loans

Self Help Budget Pack
These blank Budget forms are for your own personal use. They are designed to help you calculate the monthly expenditure costs of most items in your budget.

Credit Action Personal 1 page Budget Sheet
Download as Excel Spreadsheet | Download as PDF file

Credit Action Personal 1 page Budget and Debt Sheet
Download as Excel Spreadsheet | Download as PDF file

Model letter to Creditors
When you are writing to your creditors you may find this example letter useful as a model.

Further action creditors can take
What can your creditors do, and how should you respond to their actions?

Bank Current Account issues
When experiencing financial difficulties, it is common that current accounts are in overdraft each month. What can be done to avoid charges or declined payment.

County Court procedures
If you receive a county court summons, there are several steps that you should take regardless if you are disputing or accepting the claim.

Mortgage, Second Mortgage and Secured Loans
Your mortgage, second mortgage ro secured loans are your most imporant debts!

Not enough money to cover your outgoings?
Once you have listed and totalled all of your Income and Expenditure (Outgoings), you will know if you have a surplus or deficit each month.

Priority Payments
Priority payments should be made BEFORE any payment is made to an unsecured creditor. It is important that you secure a home for you and your family.

Working out pro-rata Payments
When you are working out your pro-rata payments for your creditors you may find this calculation and example useful as a model.

I'm making reduced payments, - what should I do now?
During the collection process, it is normal for accounts to be passed on to different agencies. There is no need to panic when this happens.

Bailiffs
What are bailiffs legally allowed to do or not do.

Token offers of payment
A token offer of payment is just £ 1 or £2 a month to each creditor.

Consolidation Loans
The advantages and disadvantages of consolidating your debts.