Overview
Other Liabilities are liabilities currently held by the Applicant, but not including their Mortgage (or Property) Liabilities.
Examples of Other Liabilities are Credit Cards, Store Cards, Personal Loans, Hire Purchases, Leases, Outstanding Taxation and Contingent Liabilities.
Step-by-Step Instructions
Step 1
To add information on Other Liabilities, click on the Current Situation tab.
The Other Liability menu icon should be highlighted.
Step 2
Next, click on Add Other Liabilities.
There are three options within Other Liabilities. These are:
Credit Account (revolving credit facilities with limits)
Loan Account (credit facilities with fixed terms)
Non Credit Liabilities (other current or potential liabilities)
There are drop downs for each of these liabilities.
For this example, Credit Account, Credit Card has been selected.
Step 3
A new screen will open up.
Enter the required information.
When all the mandatory information has been entered, the number of Messages will equal zero and the green "thumbs up" will appear on both the right hand side and page menu on the left.
Step 4
For the next liability, return to the Other Liability page menu.
Select Add Other Liability, Loan Account, Car.
Step 5
A new screen will open up. Enter the required information.
Tool Tips
If there is a term you are unfamiliar with, you can hover over the field name to read the Tool Tip.
Notice the Messages dropdown menu?
Located at the top right hand corner of the page, if you click on this, you will be presented with a list of fields that are mandatory and are not yet completed.
If you click on one of these messages, it will take you to the respective field for completion.
Step 6
For the next example, return to the Other Liability page icon.
Select Add Other Liability, Non Credit Liabilities, Outstanding Taxation.
Step 7
When you have entered all Other Liabilities, click on the Other Liabilities page icon and a summary of all Other Liabilities can be seen to the right.
You may add as many Other Liabilities as required.
To Delete a Liability
If you need to delete an item, return to Other Liabilities, Summary page
Select the Liability you want to delete and select the trashcan is located at the far right.