Many of us start the new year wanting to make a fresh start. Whether it’s a new hobby, healthy changes, or getting a handle on finances, we can feel rejuvenated and ready to take action. If you’re planning to address your financial issues this January, our independent and accredited money advice team can help. In this post, we’ll share some tips for dealing with debt early on. Follow our Facebook and Twitter accounts for more tips and help finding support.
Seek independent debt advice
When you’re dealing with money issues, it can be difficult to know where to start. This can be even harder if you have multiple debts or complex financial arrangements. It can be a good idea to get help with money troubles, even if it’s difficult to talk about. Our independent and accredited advisers can help you come up with repayment options that work for you. Contact our dedicated money advice team to talk about your finances.
Don’t forget non-consumer debt
When we talk about debt issues, it can be easy to only think about credit cards, loans, and hire purchases. However, it’s important to remember that non-consumer debt can also be a huge issue for many of us. It’s easy to fall into arrears on council tax, energy bills, and other regular household expenses, and it’s important to think about this type of debt as well. Our advisers can help you to look at all of your financial obligations so that you feel in control of your money.
Speak to creditors early on
It’s easier to agree repayment plans with your creditors if you take early action on debt. Once serious action has been taken, it’s harder to come to an arrangement with a creditor so there are benefits to addressing this early. You can also ask someone to speak to your creditors on your behalf – contact us if you’d like to discuss this.
Maximise your income
While you’re addressing financial challenges, it can be helpful to find out if you can maximise your income. You may be entitled to claim specific benefits or to apply for grant support. Our advisers can help you to find out how to maximise your income and support you to apply for grants and benefits.
Think about the benefits
Dealing with financial troubles can be off putting, and thinking of the benefits can help with motivation. Money issues can cause a huge amount of stress but taking positive action can have a significant impact on your wellbeing. Asking for help, making a plan, and putting small changes in place can all contribute to living debt-free in the future.
If you’d like to talk about your finances, call our independent and accredited money team on 0808 278 7804 or visit our website.