Creditors

Home » Bad Credit » Creditors

Simply put, creditors are people to whom someone owes money. Many people get into financial difficulty because the pay the wrong creditors first so when paying outstanding creditor debt it is important to divide your debts into priority and non-priority.

Priority debts include debts that could result in your losing your home or an essential supply, if they are not paid. So an example list of what debts are usually regarded as priority would include your rent/mortgage and secured loans, council tax, electricity and gas, Magistrates' court fines, HP/confidential sale, rented and hired goods, business rent, business rates, income Tax/VAT and TV Licence.

Some other items of less urgency but still extremely important would include water charges, County Court orders, insurance (car and home) and insurance/payment protection policies.

MoneySolve can help determine which of your creditor debts are priority debts and offer an ethical approach to helping you become debt free. Contact us through our freephone helpline or complete the IVA call back application form.

Credit Repair »

Free Debt Advice

Complete this form now for immediate debt relief

Try Our Debt Calculator
Debt Relief Calculator Use our calculator to see how much you can reduce your payments by