Credit Crunch Advice
What is the credit crunch?
The name given to the effect financial institutions are currently experiencing due to a lack of available money across the market. As money becomes tighter, banks are no longer able to lend or borrow from each other and compensate by increasing fees on mortgages, loans and credit cards. This in turn affects the cost of everyday living and the prices of food, petrol and household bills.
Help is at hand
The worst thing you can do when you owe money is to ignore the problem hoping it will go away. The earlier you contact those you owe money to, the more flexible they are likely to be in coming to an agreement with you.
There are a number of organisations, which offer advice. They can help:
- Check you are getting all the benefits you are entitled to
- Help you identify the most important debts and take action accordingly
- Help plan your weekly and monthly budget
- Help you decide on a plan to deal with your debts
- Negotiate with the people you owe money to
- Advise on court procedures, help to reply to court documents and represent at court appearances where appropriate
Council Tax and Rent Payments
Every year across the UK, millions of pounds of Housing Benefit and Council Tax Benefit go unclaimed. Through East Lindsey District Council’s Take up Strategy we aim to target under claiming sections of the local community, and by doing so improve the livelihoods of our residents by ensuring that we deliver benefits to everyone who has a rightful entitlement to them.
Statistics show that up to 1 out of 3 people entitled to Housing and Council Tax Benefit miss out. People who don’t claim this help often are not aware that they may qualify for financial assistance.
Apply now. You can get a claim form or advice on how to claim by contacting the Housing Benefit Team on 01507 329199.