Debts
If you find you can’t keep up payments for something you bought on credit, you run the risk of having the goods taken back by the seller or your guarantors may have to pay. Go to the seller or the bank straight away and explain your difficulties.
You may be able to rearrange the terms, ie. pay smaller amounts, over a longer period of time. The local CAB may be able to help. You could also get advice from a lawyer, or you can approach the Debt Counselling Service.
The Consumer Credit Counselling Service on 0800 138 1111
which provide free, independent and confidential counselling for people in debt. or National Debt.
Helpline on 0808 808 4000
www.nationaldebtline.co.uk or www.cccs.co.uk
Wages/Salaries
Your employer will normally pay you weekly or monthly in accordance with the agreements for your particular job. For many people this is the main source of income.
Student Loans and Training Allowances
These are two types of government funded loans that are designed to help you meet your living costs and tuition fees if you are doing a full time course, you need to apply in advance.
