If you are concerned about managing your money or you have debts, try not to worry, but do not ignore your problem - it won’t go away. For instance, if you cannot pay your rent because of money problems you may be evicted from your home. You must ask for help.
Payday loans can seem like an easy source of quick cash - but appearances can be deceptive!
If you can't pay on the due date, they'll say ok and let you roll the loan over for up to 3 months, but they'll then hit you even harder in the pocket.
A typical payday loan from a prominent Payday lender of £200 over 30 days would cost £267 to repay in one lump sum. If you have to roll it over for up to 3 months, your debt will rise to £470
There are many organisations that can provide this help. They are listed below.
The Credit Union is an ethical savings and loans organisation for people who live or work within Bradford district. They are an alternative to high street banks, doorstep loan sharks and other costly money-lenders.
In the example above, the same loan from your Credit Union, repaid over 20 weeks would cost only £211.20 in total.
Please have ready details of your debts (who you owe and how much) when you call. You can also ring anytime and leave a message. The CAB will call you back on 01274 758047 or 01274 306617.
For non-debt enquiries, please ring: 03442 451282. Open Monday to Friday, 9.30am to 12.30pm.
CAB also provides drop-in sessions and appointments across the district about all types of problems. You can find details on the citizen's advice website.
0808 808 4000
This is a telephone-based service and is a national helpline for people with debt problems. They will discuss debt problems with you and explain the options available to you.
The Bradford District Community Advice Network (Bradford CAN) is the network of independent advice centres, serving local communities across the whole of Bradford Metropolitan District. We give advice about: debt, benefits, tax credits, disability allowances, housing, homelessness, employment rights, fuel, utilities, immigration, nationality, asylum, consumer, community care and related problems.
You can find local advice services at http://www.bradfordcan.org.uk/
The BBA produce some useful leaflets on proving your identity and a range of banking services.
Take the Debt Test for online debt help or call 0800 085 0226.
For information and advice on how to handle your money.
0800 138 1111
StepChange Debt Charity provides free and confidential debt advice, budgeting help, insolvency advice and Debt Management Plans.
Take the Danger Signs of Debt Test
Free help is available 24/7 via their online Debt Remedy tool
The Money Advice Trust - help with budgeting and debt
Payplan provide free debt advice and information for people struggling to manage their money. Their expertise covers a range of formal debt solutions available, such as IVAs and Debt Management Plans as well as general debt advice guides.
Age UK provides information on income and benefits for older people.
You can find your local Age UK branch in the telephone directory or online at www.bradfordcan.org.uk
The Money Charity provides information and guidance for people with debt or money worries.
If you have ever looked at your pile of papers and bills and thought you don’t know where to begin, you’ll find help here to get you started.
Free Helpline: 0808 800 444
Seeks to offer a first-person, friendly and accessible introduction to advice