Welwyn Hatfield Citizens Advice offers tips on how to deal with debt
PUBLISHED: 11:36 08 January 2018 | UPDATED: 11:36 08 January 2018
The last day of January is expected to be the busiest of the year for people seeking help with their debts, according to Citizens Advice Welwyn Hatfield.
Analysis of national data from the past 12 months reveals that on January 31 last year, Citizens Advice helped 2,800 people, 30 per cent above the daily average.
This means one person sought help from Citizens Advice every 10 seconds.
January 30 was the most popular day for seeking advice online, with twice as many page views as average for the rest of the year.
Locally, Citizens Advice Welwyn Hatfield is expecting up to 100 local residents to seek advice on debt throughout the first month of the year.
Citizens Advice Welwyn Hatfield provided assistance to people seeking help for a wide variety of debt concerns, including council tax arrears, credit card debt, rent arrears and unsecured loans.
To help people kick off 2018 on a stronger financial footing, Citizens Advice Welwyn Hatfield is sharing its six top tips to help people get their finances in order for the New Year.
Debbie Rixon, Chief Executive of Citizens Advice Welwyn Hatfield, said: “There is a surge in demand for our debt advice towards the second half of January.
“Christmas in particular can take a heavy toll on people already struggling to make their money last and leave them with a debt burden in the New Year.
“But this needn’t become a crisis.
“Problems can be taken care of if you seek advice early.
“The New Year is a good time to get on top of your debts, cut your costs or budget better.
“Citizens Advice can help you review your situation so you can make decisions that improve your financial security.”
For information about when Citizens Advice Welwyn Hatfield is open to provide advice and what services it offers, visit www.whcab.org.uk/cawh.
Citizens Advice Welwyn Hatfield’s six top tips to sort out your debts.
•Work out how much you owe - Make a list of who you owe money to and add up how much you need to pay each month.
•Prioritise your debts - Your rent or mortgage, energy and council tax are called priority debts as there can be serious consequences if you don’t pay them.
These should always be paid first.
Separate these and work out how much you owe.
•Work out how much you can pay - Create a budget by adding up your essential living costs, such as food and housing, and taking away these from your income.
Any money you have spare can be put towards your debts.
The Citizens Advice budgeting tool can help.
•Paying urgent debts - You may have several priority debts and can’t pay them all.
Contact all your creditors to find out if you can negotiate on how much you pay, or when you pay them.
Always pay first priority creditors who are taking action against you.
•Paying non-urgent debts - If you have any money left after paying priority debts, consider getting a free debt-management plan. You’ll make one monthly payment to the plan provider, who will handle paying your creditors.
Or contact your creditors and offer them what you can afford to pay.
•If you can’t pay your debts - If you’ve got little or no money spare to pay your priority debts, seek advice from the Citizens Advice Bureau straight away.