Let us know if you’re affected by redundancy

In our customer survey last week, more than three-quarters of you said that during lockdown you’ve been worrying about money more than usual. And 1 in 20 customers told us that they or their partner have already been made redundant due to coronavirus.

If you receive any news that will change your financial situation, please let us know so we can help. It’s what we’re here for.

How we can help

We can make sure this change in your circumstances is factored into your debt solution. Depending on your situation, we may be able to arrange a payment break or a reduction in your payments.

If you receive a redundancy payment, you have options. Normally, if you’re on an IVA or Trust Deed, you’d have to pay some of it into your solution as additional monies. But because of measures put in place in response to the pandemic, you may be able to put this off for now.

And if you have a Debt Management Plan, it might be possible to use any redundancy pay to pay off your debts sooner. Get in touch and a Personal Finance Manager will go through your options with you.

Check out these other blogs for more information and tips

For more ideas on how to use your redundancy payment, take a look at our blog about what to do with money you’ve saved during lockdown.

To find out more about your rights if you’re made redundant, including financial support you might be entitled to, read Where to find help if you’ve been laid off – or think you might be. We also have a blog about looking for work.

We’re posting regular updates for customers on our website so please keep checking for more information.

We’ll also be updating our Facebook page regularly, so please follow us there too. We are also on Twitter.