Step 3 Choose your debt solution 3 Don’t be tempted to deal with your debts based on who is chasing for payment the most. Always check whether your debts are priority or non-priority debts. If you don’t have any priority debts, go to How to choose a debt solution on page 70. Summary budget for creditors This is the shorter budget, which you will find in the pocket at the end of this guide. It is a summary of your financial position which you use to negotiate with your creditors. The layout has been agreed with creditor organisations and gives them the information they need to look at your offers. Your creditors do not need to see all the detail in Your full budget. Follow these steps and send them the Summary budget for creditors. It will help you to keep in control of your finances and only pay back what you can afford to. In the Summary budget for creditors, start by filling in the Your personal and household details section. The table below will help you. Question What to include Number of A dependent child lives with you and is either of pre-school age dependent or in full-time education. If any children live with you for part of children the week, explain this in the Additional notes section of the Summary budget for creditors. Say whether you have included them in the total number of dependent children. Number of other This is someone who is not a child, but who is financially dependants dependent on you. For example, an adult who is out of work and is not entitled to any benefits. Total number in This includes everyone in the household: you, your partner, any household dependent children, other dependants and non-dependants. Non-dependants are adults who live with you, but who can support themselves financially. For example, a lodger or a grown-up child who is working. Number of vehicles Include the total number of vehicles you and members of your in the household household use. Don’t forget to include vehicles that you pay for through a hire or hire purchase agreement. If you need more than one vehicle, explain why in the Additional notes section. Page 49