Different Types of Debt
This page provides general information only. We do not provide debt advice or recommendations. For personalised advice about whether this solution is suitable for you we may pass you to one of our partner companies with an FCA-authorised debt adviser.
What are you struggling with?
- Credit Card Debt
- Catalogue Debt
- Joint Debt
- Utility Arrears
- Gambling Debt
- Rent and Mortgage Arrears
- Student Loans
- Payday Loans
Getting Debt Help
- If you don’t know where to start, our team may be able to help get things moving for you.
- Why not reach out to us for a free chat?
- Alternatively, we offer a free online application which will give us some insight into what solutions may be suitable for you.
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Don’t suffer in silence – there’s no better time to deal with your debt than now and our team is ready to help.
Click "DEBT HELP" to start your journey, one of our friendly team will then be in touch to give you all the information you need to deal with your enquiry and refer you to one of our regulated associate experts.
Priority Debts Vs. Non-Priority Debts
Debts are generally categorised as ‘priority’ and ‘non-priority’ debts. This idea is self explanatory – priority debts must come above non-priority ones.
They are considered this way because priority debts, such as mortgage and utility bills, carry much more serious consequences if you do not pay them.
Once you have made your payments to your priority debts, you should then start to look at your non-priority ones. The order in which you then decide to pay these is down to you, but it’s worth addressing the ones that carry the highest interest rate first, so that the total amount you owe does not spiral upwards.
