“The current economic climate has unfortunately lead to an increase in redundancies. A serious problem made worse if those losing their jobs we’re already struggling with financial problems.
For many of us, our biggest monthly bill is our home. Falling behind on rent or mortgage payments can cause serious problems – leading to even more stress. You might want to consider Mortgage Payment Protection or Rent Insurance as an effective form of protection. Both can provide added peace of mind if you do lose your job. However, you should seek financial advice in the first instance.
If you have money worries or need debt advice, the best thing to do is speak to a professional debt management company and gain clear information on how you can handle your finances. You may find that depending on your circumstances, you could benefit from a Debt Management Plan or Individual Voluntary Arrangement if you’ve fallen behind on some payments.
Similarly, if you need advice on bankruptcy and how it could impact your life, a specialist debt management company will be able to give you comprehensive information before you move forward with this option.”