Priority Debt Help

If you do not act quickly to deal with priority debts, the consequences can be severe. Abacus offers a complete debt management service and will advise you of all your options.

Some debts are more important than others. The law allows different creditors different ways of getting their money back. If you bury your head some creditors could do any of the following:

  • Send in bailiffs to take possessions from your home or business.
  • Repossess your home.
  • Ask the magistrates court to send you to prison.

These are the types of debts you could have problems with:

Type of debt Action taken against you
Second mortgage Repossession
Income tax, National Insurance, VAT arrears Distraint/Bankruptcy
Council tax/Community Charge Distraint/imprisonment
TV Licence Fine/Distraint/Imprisonment
Water rates Cut off
Gas/Electric Cut off
Magistrates court fines Distraint/imprisonment
Unpaid Fines Distraint/imprisonment
Maintenance Arrears Distraint/imprisonment
Hire purchase (Essential items) Repossession of goods

 

All the above are priority creditors and under no circumstances should you ignore them. It is important you use your available money to pay these creditors first. Do not pay your secondary creditors until you have reached an agreement with all of the above where applicable.

Secondary creditors include:

  • Unsecured loans
  • Credit Cards
  • Unnecessary hire purchase agreements
  • Store cards
  • Catalogue and mail order
  • Mobile phone (disconnected)
  • Repossessed house or car loans

Debt Management

A debt management program can reduce your monthly bills by up to 75%, clearing all existing credit cards, loans and other debts, replacing them all with one monthly payment.

We do this my negotiating with your creditors to help reduce your current payments, to a single affordable monthly payment. Apply now and we can help to reducing your outgoings within days.

  • Your enquiry will be free of charge
  • You'll be under no obligation.
  • All correspondance will be strictly confidential.

We will find a comfortable payment for you, giving you just one cheque to write each month. Once we receive your payment, it will be dispersed to your creditors. Key points of out service are:-

  • You will not go further into debt -
  • Your monthly payments will be reduced.

We offer a complete service and will advise you of all your options so, for a quick and effective answer to your debt problems, contact us with by the Apply Now Form for by Phone. We'll call you back for a FREE consultation

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