Debt Analyser
Debt Analyser
A new online debt analyser tool has been created and is now able to help people with financial difficulties. The new tool will ask a user questions which will help to find the best solution to their debt problems.
In order to use the debt analyser people do not need to log in but simply to fill out the questionnaire. There are 5 sections within the online tool, these are as follows ;
Personal Details
Assets & Liabilities
Expenditure
Income
Result
Personal Details
This will ask the following;
Name
Email
Telephone number
Will give the option for a call back
Region
Notes
Asset & Liabilities
This will ask the following;
Do you own your property - If yes, what is the estimated value
How much do you owe to your mortgage
Do you have secured loans against your property
How do you owe in secured debt
Current equity
Do you own a car
How much is your car worth
Is your car purchased on HP
How much payment is outstanding
Do you have any other assets
How much are they worth
Current Assets
Unsecured Liabilities :-
This will include the following;
Total credit card debt - How much is owed and how many creditors
Totaldebt from overdrafts - How much is owed and how many creditors
Totalstore card debt - How much is owed and how many creditors
Totalunsecured loans - How much is owed and how many creditors
Totalcatalogue debt - How much is owed and how many creditors
Totalunsecured debt - How much is owed and how many creditors
Expenditure - This is a list of monthly outgoings
This will ask the following;
Mortgage / Rent
Mortgage / Rent Arrears
Secured Loan(s)
Secured Loan Arrears
Endowment
Council Tax
Water Rates
House / Building Insurance
Electricity
Gas
Oil
Entertainment
Telephone
Mobile Phone
Car Hire Purchase
Car Insurance
Car Tax
Car Maintenance
Petrol / Diesel
Food
Clothing
Child Support Maintenance
Life Insurance
Child Care
Transport / Travel
TV License / SKY / Cable
Dental Plan
Opticians
Medical Costs
Contingency
Outstanding Fines
Student Loans
Other
Total
When completing the income and expenditure it is important that all information is as close to accurate as possible. There is a guideline which many organisations will use to determine what is a suitable amount of spending for each outgoing.
Your Income - This is a list of all money coming in on a monthly basis
This will ask the following;
Take home pay
Partner take home pay
Child benefit
Working tax credit
Pension
Partner pension
Income support
Jobseekers allowance
Incapacity benefit
DLA / AA
Child maintenance
Other income
Monthly Income
Result This will give the best debt solution based on the information which was provided. In some instances you may have two or three available debt options. In this situation a qualified debt advisor would have to discuss the advantages and disadvantages of each solution to enable you to make a decision.
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