Prepare
Gather recent income, expense and credit information.
Debt assessment
Understand Your Debt Position Before Deciding What to Do
A debt assessment brings income, household costs and credit commitments into one clear view. Its purpose is to identify affordability pressure and support an informed discussion about possible next steps.
The assessment considers more than the total amount owed. It examines whether available monthly income can reasonably cover essential living costs and contractual debt commitments.
What does a debt assessment look at?
The assessment considers more than the total amount owed. It examines whether available monthly income can reasonably cover essential living costs and contractual debt commitments.
Income and household context
- Salary, wages, self-employment income or other regular household income.
- Whether finances are managed individually or jointly and which obligations are shared.
- Changes that may affect affordability, such as reduced income, illness or increased dependants.
Reasonable living expenses
- Housing, food, transport, utilities, healthcare and other essential household costs.
- The aim is a realistic budget—not an artificially low estimate that cannot be sustained.
- Irregular but necessary expenses should be identified rather than ignored.
Credit commitments and warning signs
- Monthly instalments, balances, arrears and creditor communications.
- Reliance on revolving credit or short-term borrowing to cover essentials.
- Missed payments, debit-order reversals, collection activity or legal notices.
A clear path
What the next steps can look like
Complete
Answer the assessment questions accurately.
Review
DebtRight considers the overall affordability picture.
Discuss
You receive a follow-up explaining possible next steps.
Frequently asked questions
Questions consumers commonly ask
Is the initial assessment free?
DebtRight offers a no-obligation initial assessment. Any formal process, services and applicable fees must be explained before you decide to proceed.
Does completing the form place me under debt review?
No. Submitting the preliminary assessment alone does not automatically place you under debt review.
Why should the figures be accurate?
An assessment can only be useful when income, essential expenses and debt commitments are represented honestly and as completely as possible.
Related guidance
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Your next step
Start with a confidential assessment.
Understand your financial position before deciding what to do next.
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