The following matrices have been designed as a guide to help you make a decision as to what you should do with your debts. They are designed to be generalised solutions and if you are unsure, please find a financial advisor who will be able to answer and specific questions you may have.

They key for all the matrices is:

What is the best course of action for me?

Below is a matrix which will guide you as to which solutions are possible, and which solutions we recommend for dealing with your debt. The totals on the left should be the total of ALL debt that you have – credit cards, loans, store cards etc.

What amounts will I have to pay back monthly?

Below is a matrix which shows the approximate amounts you will have to pay back each month. Obviously exact amounts will vary with each situation but it will give a rough guide as to what each solution expects, and can therefore help you plan which option is best for you.

When will my debts be cleared?

The matrix below gives a guide as to the timescale you can expect the debts to be cleared by. Remember that the exact timescale will be determined by your personal circumstances therefore the matrix should be used as a guideline only designed to aid your decision in choosing a debt management option.

How will my credit rating be affected?

Below is a matrix which shows you how your credit rating will be affected. The column on the left should reflect your thoughts as to what sort of loans you will need to take out in the near future, if any.

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