Debt Advice:
We offer face to face advice and assistance in relation to your debt problems which is free, confidential, impartial and independent.
We will perform an immediate assessment of your situation.
The first priority is to allow for essential expenditure, priority debts and living expenses. We will assess whether you have enough left over to make an offer of repayment to other creditors. If so, creditors are asked to freeze interest, stop penalties and charges, and accept a longer repayment period
We understand that people with more serious debt issues may need to act quickly and we provide clear action points so that they know what they need to do first. We will help you sort out how much money you owe and work out which are the most important debts to pay first we will work out how much money you've got coming in and going out of your household, whether you've got enough money to pay your debts, how to spend less money and how to increase your income.
We will help to work out which are the most urgent debts to pay off first and how to deal with the people you owe these debts to such as Rent arrears ,Mortgage arrears council tax, utility bills and , court fines
We can deal with debts such as credit card, hire purchase, overdrafts, catalogue debts, Mortgage shortfalls and other loans.
We can advise what options you have for dealing with your debts, including dealing with creditors making reduced payments based on what you can afford, Debt Relief Orders and bankruptcy
DEBT RELIEF ORDERS:
We can give advice in relation to Debt Relief Orders- which is an order you can apply for if you can't afford to pay off your debts. It's a cheaper option than going bankrupt, but you must have debts of less than £15,000 and be on a low income
Within the Bureau we have Approved Intermediaries who are able to complete a DRO application
BANKRUPTCY:
We give advice about bankruptcy, including the pros and cons of bankruptcy, how to go bankrupt and what happens when a bankruptcy order is made. We will assist in completion of the court forms
We can advise you about how you can change the repayments the court ordered you to pay to your creditor if your financial circumstances change, and assist in the completion of court forms.
Help to work out if you have to pay back a debt and what you can do if you don't think you owe the money
We also give advice in relation to Repossession of homes and vehicles, Bailiffs, Legal Issues and Court Orders such as Administration Orders, Attachment of Earnings, Charging Orders County Court Judgements County Court Summons, Default Notices, Joint & Several Liability, the Limitations Act and Statutory Demands.
We can also give details of other non-fee charging agencies that may assist in a Debt Management Plan or other procedures such as the charity CCCS who can offer a DMP where you can make one convenient monthly payment to them and they will distribute the monies to your creditors on your behalf.
Site Copyright © Sedgefield and District Citizens Advice Bureau 2011. All rights reserved. Charity registration number 1107261 and Company Limited by Guarantee No. 5246450. The Bureau incorporated on 1st April 2005. Registered Office: 71 High St, Spennymoor DL16 6BB.