Being Made Redundant . Help lots of debt

[unclebulgaria67]

Use an online benefits calculator such as Entitledto or Turn2us.

 

If you are made redundant, you could claim New Style JSA which pays £77 (25 and over rate) a week for up to 6 months (ends earlier if you find work). This is provided you have paid 6 months NI contributions during last 2 tax years.

 

New Style JSA requires you to be searching for work and to attend Job Centre appointments.

 

The good news is that UK companies are generally short of workers and people are finding work quickly again.   Suggest registering with a couple of local recruitment agencies to see what they have available.

[unclebulgaria67]

Be careful about mid life crisis and thoughts which you think are logical, but are really about running away.

 

Seen too many examples of people who have run off abroad, spent all of any money they got hold off and then had to return to the UK a few years later. And when they come back, they often end up sofa surfing on benefits or living in a rental caravan on benefits. And they have the problem of CCJ's on their records causing them difficulties e.g. trying to rent anywhere decent , some types of employment. 

 

Best to try to cope with redundancy and your current position.  Get a new job ASAP and get advice about how to deal with issues one at a time.

[unclebulgaria67]

Yep agree.  Prioritise essential spending only and any debt you are paying which is not essential, then contact the bank, credit card or loan company etc to advise that you are in a position of hardship, so are needing to stop payments to prioritise essential spending only.

 

Seen a number of examples recently where people were paying some debts, when they had no food and were facing going to local food bank for supplies.  

 

And on a temporary basis, local Council Authorties have welfare grants and other funds available to help.

 

Have you obtained budgeting/debt advice and applied for any benefits you may have entitlement to.  Run your details through an online Benefit Calculator such as Entitledto or Turn2us.