Communication is vital - with your family, the Benefits Agency and between you and your
creditors. Bringing financial problems out into the open can start the process of
trying to resolve the various issues.
Financial difficulties cannot be resolved by guesswork. So before you make
contact with your
creditors - you will need to prepare two lists:
-
a
budget summarising your income and living expenses
-
a list of
creditors and amount owed.
Both lists must be as accurate as possible. You will also need to keep updating
them as circumstances change - including details of the payments you agree with
individual
creditors.
Be honest about your situation, send a copy of your
budget and list of
creditors, it will help them to understand your situation and as a result
they are more likely to be sympathetic to it.
