in this session we're going to talk about debt debt has become a big part of our culture do you know, here in the uk we hold about two thirds of total the credit card debt owed in the whole of the european union? so we're going to need some help working our way through this. whether you've got a small amount of debt maybe just a credit card or a small loan or whether you've got multiple debts and it's causing you a lot of anxiety, stress and heartache we're gunna give some practical tools on how you can handle your situation now before me i've got a little visual aid to hopefully help us work our way through this the first thing you can see is that i've got one debt that looks very different to all the others this is because this is what we would call a priority debt now these are things like store cards, bank loans, credit cards, those sorts of things now the truth is, if you don't pay these then sure the creditors can come after you but the consequences are very limited this is a priority debt this might be council tax arrears, it might be mortgage arrears something that is really quiet important, maybe a hire purchase for a car if you don't pay this, something of significant consequence is going to happen and so the first thing to say before we get on to how you reduce debt and how you handle debt is make sure you treat this as priority make sure that you take your time and effort and allocate money to getting this particluar debt cleared not necessarily completely cleared before you do this but make sure you give this the importance it deserves