Take back control of your finances

Rising prices are leaving more people struggling. The Financial Conduct Authority found 11 million UK adults are struggling to pay their bills, that’s an increase of 3.1 million compared to last year.

So, here’s 3 steps to take back control of your finances if you’re in difficulty.

1) Talk about your worries

If you find yourself struggling, it is important that you talk about your financial difficulties. The earlier, the better.

If you think you cannot pay your debts or you are finding the payments overwhelming, you should seek support straight away. Remember, you are not alone, and there is help available.

Information and support is available and free of charge – click here to find out about organisations who may be able to help.

2) Save money with our Swap & Save Loan

Managing multiple repayments can make your finances complicated. By consolidating all your borrowing into one manageable repayment with a lower interest rate, we can help you tidy up your finances and reduce the amount you repay each month.

If you’ve got outstanding debts and are juggling multiple payments of credit cards, store cards, car finance and personal loans, our Swap & Save Loan could save you money.

Combine your personal debts into:

  • One fixed regular payment
  • With one clear interest rate
  • With one clear end day
  • We’ll do the legwork by paying your existing lenders directly. All that is left for you to do is close the account with them once the debt has been cleared

Click here to apply and learn more about how we’re saving members over £4,000 a month!

3) Make sure you’re not missing out on claimable benefits

Are you 1 of the 7 million people missing out on £15 billion in unclaimed benefits? According to Money Saving Expert, households earning below £40,000 should take some time to check they’re not missing out.

With the cost of living, it is more important than ever to know what you’re entitled to. The benefits check from MSE has seen families increase their monthly income by £500, all because they took 10 minutes double check they aren’t missing out on extra support.

Try our Money Saving Expert’s 10-minute benefits calculator here.

If you are struggling, remember you are not alone. The Financial Conduct Authority have encouraged people to ask for help as household budgets are becoming increasingly squeezed by rising prices.