A loan, or an overdraft if you owe money to a number of different companies you’re certainly not alone – most people have at least some form of debt, whether that’s on credit and store cards or in the form of a mortgage. Some debts can relatively be cleared quickly although some must be spread over a long period.
Which debts can I prioritise?
While all of your debts are very important and can must be repaid at some time, some have significantly more serious consequences than the others if you don’t satisfy typical repayments. If you should be struggling in order to make repayments on them all, the ‘higher-priority’ debts are those that you need to concentrate probably the most on keeping up. Continue reading