What you'll do
- Get a clear overview of everything you owe
- Decide which debts to deal with first
- Communicate with each creditor constructively
- Avoid common pitfalls when juggling debts
- Know when to get free, coordinated help
7 min read
List everything in one place
The first step to feeling in control is simply seeing it all. Make one list of every debt — who it is with, how much, the minimum payment, and how urgent it is. It can be confronting, but a clear list turns a vague worry into a set of manageable tasks.
Tackle them step by step
- List every debt with the amount, minimum payment and contact details.
- Mark which are most urgent — for example, anything affecting your housing or essentials.
- Work out your total income and essentials to see what is available for debts.
- Decide on an order using your priorities, then contact each creditor to arrange what you can afford.
- Be honest with each one that you are managing several debts.
- Keep a simple record of every arrangement you agree to.
Get coordinated help
When several debts are involved, a financial counsellor is invaluable — they can look at the whole picture, help you prioritise, and even speak to creditors on your behalf so you are not doing it alone. Call the free National Debt Helpline on 1800 007 007. To arrange your Merion account, reach us through the contact form.
Good to know
- One clear list of all your debts turns worry into manageable tasks.
- Prioritise the debts that affect your home and essentials first.
- Be honest with each creditor that you are managing several debts.
- A financial counsellor (1800 007 007) can coordinate the whole picture for you.
FAQ
Which debt should I pay first?
Generally the ones that affect your essentials — like housing and utilities — come first. Our guide on prioritising debts walks through this, and a financial counsellor can help you decide.
Should I consolidate my debts into one loan?
Sometimes that helps and sometimes it costs more. This is general information, not advice — speak to a free financial counsellor before taking on new borrowing.
What if I cannot pay all the minimums?
Then prioritise essentials, contact each creditor honestly, and ask about hardship arrangements. Free help on 1800 007 007 can coordinate this with you.
Still not sure? Our team is happy to talk it through.