These revised expenditure guidelines are for 2011
This is a guide only and your actual expenditure, so long as it is reasonable and can be justified, should be the figures presented to and accepted by creditors/lenders.
The expenditure guidelines are designed to help you work out what the minimum and maximum lenders/creditors allow for housekeeping (food and toiletries), hairdressing, clothes and work meals, should your income allow it, plus much more.
We break each section down of your expenditure detailing some helpful tips about what lenders/creditors allow for one person, a couple and for each additional child.
Anyone thinking of proposing either a Debt Management Plan or Individual Voluntary Arrangement (IVA) or even going Bankrupt will find this guide extremely useful.
If you make any payment weekly then just multiply this figure by 4.33 to get an average monthly payment. If you pay yearly then divide by 12 to get an average monthly payment. If you pay quarterly then divide by 3 to get the monthly payment.
You will find the cost on any agreements or bank statements. These are the maximum figures should your income allow it.
Disclaimer
This expenditure guide is for guidance only. Lenders may vary the figures in line with your personal circumstances.
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