Disposable income is the money you have left over after all your essential monthly outgoings are paid for but before you have paid any of your unsecured creditors.
If you have no unsecured creditors to pay, your disposable income could be used for any of the non essential things you might want to buy. Alternatively, it could be saved for a rainy day.
HOW WE HELP...
"Thank you to Steve Jackson for your help and advice. I have spoken to a number of different debt management firms and you were the first person to give me a straight answer and what I believe to be advice that is truely in my interest. Thanks once again" Mr Dennis1664
Calculating disposable income
Once you have understood your income and esential outgoings, calculating your disposable income is easy.
Simply subtract the total of your essential monthly outgoings from your total monthly income. For example, if your total essential outgoings in a month are £1300 and your total monthly income is £1600, your disposable income is £300 per month (£1600 - £1300 = £300)
Your next step is to understand your unsecured debts
