Ive heard of priority and non-priority debts, what are they?
Priority debts – not paying this type of debt could cause you to lose something, such as your home or your freedom Non-priority debts – not paying this type of debt is unlikely to lose you any possessions but can still lead to court action Table of priority debts:DebtResult of not payingRent or mortgageLoss of homeSecured loanLoss of home or other itemCouncil tax Bailiffs, imprisonmentIncome tax or VAT arrears Bankruptcy or imprisonmentFines – such as driving offences Bailiffs, imprisonmentMaintenance or child support Bailiffs, imprisonmentFuel – gas/electricity Disconnection of supplyHire purchase (car)Loss of item – car Non- priority debts include • credit cards and store cards • catalogue debts • overdrafts and bank loans • overpayment of benefits • money owed to family and friends • loans to money lenders You cannot be imprisoned for not paying non priority debts and you are unlikely to lose you home or goods. However, creditors can take you to court. The court may then order you t
