Managing your money
We all know that we need to take responsibility for our financial affairs, but don’t always know where to start. Spending only a few minutes a week reviewing and planning your budget can make a real difference.
‘Your money’ from the Money Advice Service gives impartial information and tools to help work out what’s right for you. They offer step-by step guides on many topics to help you manage your money.
If you need information, advice or help to manage your money then the ‘Money Advice Service’ can help.
Almost everyone has some form of debt but if you are having trouble paying your bills or loan repayments you should get help as soon as possible.
If you’re in debt, don’t panic. But it’s important to do something because the problem won’t just go away. Don’t ignore calls or letters from those you owe money to. The earlier you contact them the more flexible they are likely to be in coming to an agreement with you.
Facing up to the debt and understanding how best to deal with it is the first step on the road to financial recovery.
There are a number of organisations which offer free and independent advice and support to help you with money problems, including:
- National Debtline
- Step Change
- Citizens Advice East Lindsey
- Citizens Advice Lincoln and District
- Citizens Advice Mid Lincolnshire
- Citizens Advice South Lincolnshire
- Citizens Advice West Lindsey
The Lincolnshire Credit Union has a wide range of services available to its members including safe saving and affordable loan schemes at low interest rates. Credit Unions are non-profit making financial cooperatives offering services that exist solely to benefit their members. They offer a simple way to save and an affordable way to borrow.
The England Illegal Money Lending Team (EIMLT) has the power to investigate and prosecute loan sharks. You can report a loan shark or illegal money lender to them by telephone or through their website www.stoploansharks.co.uk. You can also report a loan shark to www.gov.uk.