BLOG BY CATHY JAYNE PEARCE
PRIORITISE
The first thing you need to consider when you working out a plan to repay your debts is who needs to be paid more importantly . If your about to get your car repossessed and you need your car to in order to keep earning an income then it is obviously imperative that this debt be promptly sorted out . You will either need to hide your car or at least change the registration plates to temporarily prevent repossession or come to some arrangement with the creditor . Obviously accounts such as electricity and accomadation are other priorities - They usually have the upper hand all the time when it comes to collections . Ie No money no gas or no electricity . In reality a priority system is the best solution . There may be a tendancy however to repay those debts that are incurred with companies that are hassling you the most . Companies that use harrasement techniques in order to collect a debt , do so to cover up an otherwise inadequate collection department so dont be afraid to complain to the relevant authorities . By prioritising your debts you can then taylor a budget to live within your means
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