What can you include?

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Which debts can be included in a debt management plan?

A debt management plan will usually include unsecured debt such as personal loans and credit cards, however other debts may be included.

Unsecured Debts

Includes those you have taken out which are not secured against your house, car or other item. Most personal loans and credit cards are unsecured, however dents such as car HP are not..

Mortgage debt can not be included except a shortfall on a house which has previously been sold or repossessed, this also counts for second charge loans.

Other debts

Other debts can include but are not limited to...

Legal Fees

Only if the lawyers are no longer acting for you.

Hire Purchase shortfall for car

Only if you no longer have vehicle or have had it repossessed or have voluntarily surrendered it back to finance company.

Items on Hire Purchase in some circumstances.

Only when the Item has been returned and money is still owed, or it is impractical for the vendor to reclaim the item, for example a fitted carpet.

Department of Works and Pensions

Overpaid council rent and benefits, Only if your no longer in receipt of these benefits.

Private Rent Arrears

As long as you are no longer a tenant at the property.

Utility bills from previous address(s)

If you transfer the same supplier to your new address you must come to a direct arrangement with them.

Business Debts

As long as the business has ceased to trade.

Catalogue arrears

As long as you are no longer using the service.

Shopacheck, Provident, Greenwoods

Plus other doorstep lenders.

Examples