Step 3: borrow money safely and get support with debt
1. If you need to borrow money, find out the best credit option for your situation
- Be careful to look out for loan sharks
- Payday loans are an expensive way to borrow
- Safe borrowing tips
- Contact a local 'credit union' for savings and short-term loans:
2. If you’re in debt, seek advice early rather than letting things spiral out of control
- Find out the difference between priority and non-priority debts. Work out which debts to deal with first
- Citizens advice help with debt
- There are local and national organisations which can help:
- Citizens Advice Shropshire debt line (01743 280019)
- Christians Against Poverty (Bridgnorth & Market Drayton)
- Oswestry & Ellesmere CMA Connect Centre (07547 330634)
- Barnabas Money Advice (07507 663251) (Shrewsbury)
- StepChange (0800 138 1111)
- National Debtline (0808 808 4000)
Step 1: can you maximise your income?
Are you currently receiving all of the income you're entitled to?
Step 2: can you cut your costs?
Many people have already cut back in key areas. Here are some ways to help you do the same...
Step 4: mental health
Talk to someone if you're worried about your mental health