Unemployment has been a big issue throughout the country since the last recession with the latest stats showing that 2.67 million* people over the age of 16 years are currently unemployed, the highest level since 1995. During Chancellor George Osborn’s Budget Speech in March, he stated that part of 2012’s agenda was to get people back into work.
In recent years as the unemployment level has risen, Payplan have seen a large number of clients coming to us for help and advice after finding themselves out of work and not knowing how they are going to keep up their repayments. It can be difficult dealing with situations like these as we need to make sure the client is able to maintain all of their priority payments, feed their family as well as trying to make an offer of payment to each of their creditors.
If you are unemployed and have debts that you aren’t sure how you will pay then try following these steps…
Remember it is important that you keep your creditors up to date with your circumstances at all times so that they can do all that they can to help you too.