Assess Credit Payment Difficulty Before It Escalates
Finding monthly credit payments difficult? List your take-home income, essential costs, arrears and formal notices to identify the most urgent account and realistic next steps.
START WITH REALISTIC NUMBERS
Map income and essential spending
Start with net income and essential household costs.
ACCOUNT FOR THE COMMITMENTS
List every credit commitment
List secured debts, loans, cards and all other monthly credit commitments.
READ EACH ACCOUNT AS IT STANDS
Identify stage and urgency
Mark accounts as current, overdue, in collections or subject to formal notices.
THE FACTS GUIDE THE NEXT ACTION
Choose appropriate next actions
Next steps depend on written lender terms, insurance, disputes and specialist advice.
POSSIBILITIES DEPEND ON THE FACTS
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