Almost everyone in the country deals with financial struggles at least at some point in their life. While some financial strain it typically, there are times when you may need help with your finances in order to pull yourself out of severe debt or overwhelming bills. If you are on a low-income making ends each month may be extremely difficult. You may be thinking that you cannot afford a financial counsellor to help you with your bills.
The good news is that there are a wide range of financial counsellors that offer free financial services and they can help you today. The important thing, however, is to realise when you need help and when it is time to see a financial counsellor.
Signs that You Need Help with Your Finances
Just because you leave on a low-income does not necessarily mean you need the assistance of a financial counsellor. However, there are several signs you can look for that are sure signs that it is time to seek out professional helps. Some of these sure signs are listed below:
- You are having trouble paying all your household bills each month.
- You have delinquent accounts that still need to be paid in full.
- You are receiving threatening letters in the mail from bill collectors.
- You are receiving harassing phone calls either at home or at work from bill collectors.
- You have received a shut-off notice from one of your utility companies, such as gas, water, electric, or phone, or you are behind on your monthly utility bills.
- You have received a letter of eviction or foreclosure, or you are behind on your rent or mortgage payments.
- You have received a letter to go to court for unpaid bills.
- You have unpaid medical bills, taxes, or court fines.
If you have one, or more, of these signs, it is probably time to contact a free financial counsellor in your area. He/she will be able to help you get your finances back on track.
How Can a Financial Counsellor Help
The first thing that a financial counsellor will do is meet with you to discuss your current financial status. It is important that you take all your financial documents with you to the meeting, so your counsellor can get a clear picture of your finances. The counsellor will then work with you to create a strategic plan that will help get your finances back on track. This plan may include creating a workable household budget, seeking out eligible governmental benefits, apply for hardship variances where eligible, and setting up repayment plans to pay off past due accounts.
This counsellor can talk directly to your lenders, landlords, banks, and utility companies to help create a repayment plan that you can afford. He/she can help prevent eviction and help keep you utilities running smoothly. You will also be able to create both long and short-term goals and learn how to create a saving plan to meet these goals. Over time, working with the financial counsellor will help you take back control of your finances.
Where to Find a Free Financial Counsellor and Money Assistance
The easiest way to find a free financial counsellor is to do a search online for Financial Counselling plus your city – This will help you find a financial counsellor that is available in your specific area. You will then be able to set up an initial meeting to discuss your finances. You can also go directly to the Community Care Grants section of the gov.uk website.