When your list is complete, have a look through to see if there is anything that you can cut down on. Do not cut down on essentials such as food for a healthy diet, gas and electric, etc. Also, consider if you might find your money easier to control if you were to pay certain bills by regular payments, for example your fuel bills on a monthly budget scheme. If you have very little or no money left, seek advice immediately. Be sure to include all the following and any other income you expect to receive regularly.
All debts are important, but some are more pressing than others.
Some debts carry severe penalties and you should deal with these debts first. These are your priority debts. The list below shows what may eventually happen if priority debts are not dealt with. If you do not take action to deal with these debts, your creditors can take action against you in the County Court and obtain an order for you to pay at a particular rate. However, the court has to take into account your ability to pay.