Selling assets You choose to sell an asset that you own, such as jewellery, shares or antiques. You then use this money to pay towards your debts Using assetsWhat debts are Any debts. included? Is there a minimum or No. maximum debt amount? How long will it last? It depends how long it takes to sell the asset. Is there a fee? There may be fees for advertising your assets or using a service, such as an auction. Always check before you make any decisions. Some things to consider You need to own assets and be willing to sell them. It may give you more choices for dealing with your debts. It does not involve any new borrowing. You will need to decide how and where you are going to sell your assets, such as online, in a newspaper or at auction. The money you receive could affect the amount of benefit you get. You may have to pay tax on the money you make. See our Selling assets to Get an independent valuation of your assets before you clear debt fact sheet. decide to sell. Page 82