Regaining control of your finances

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Managing post xmas debt

Regaining control of your finances

Did you overindulge at Christmas? It’s probably not just your waist band that feels stretched, but your finances as well.

Did you overindulge at Christmas? It’s probably not just your waist band that feels stretched, but your finances as well.

With the temptation to spend big in December and splurge on extra luxuries, many people will be starting the new year in debt.

If you have overspent and don’t know how to cope now that the bills are arriving, don’t worry: we can help you work out a way forward. The most important thing is not to bury your head in the sand, even if you feel overwhelmed and unable to cope. Remember, your debts won’t go away by themselves. You need to take action to stop the issue spiralling out of control.

Debt can take over your life, until eventually your health can suffer and you may lose your home.

The Welfare Rights & Money Advice Team are here to help. We offer impartial advice and assistance to help you resolve your debt problems. We won’t make any judgement about why you are in debt. Our job is simply to help you sort the problem by looking at your finances and working out a way forward together.

We can help by:

• Checking you are receiving all your benefit entitlement
• Drawing up a budget plan
• Looking to see how to reduce your outgoings
• Sorting out which debts to pay off first

Get help now

There is a lot of free advice available to help you manage your debts and regain control of your finances.

You can download or request a copy of our ‘Dealing with Debt’ self-help magazine which explains how to sort out your money problems. The Citizens Advice Bureau and National Debtline also offer free, expert advice and support.

If you are struggling with your Universal Credit you can now call freephone 0800 328 5644 or look online for more details.

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