Practical tips to help you improve your credit rating and avoid expensive high interest loans
If you are a low-income family you might be able to take advantage of the government backed Energy Company Obligation (ECO) schemes which helps reduce fuel bills.
Funding available includes grants towards replacing old inefficient boilers with new condensing ones as well as free insulation. If your home was built between 1930 and 1980 and has not had insulation installed previously you will almost certainly be eligible.
Are you eligible for a grant?
Funding is available for energy efficiency measures which may not produce huge savings on your energy bills but will make your home ‘greener’. The old government ‘Green Deal’ ended in July 2015 and offered funding for solid wall insulation, internal wall insulation and cavity wall insulation. With the end of this scheme you can now only apply under the ECO schemes which offer similar benefits.
Whether you are eligible for funding depends on a number of factors including your income, whether you receive benefits, where you live and what work needs to be undertaken.
What to do next
The best way to find out whether you are able to make use of funding available is to either contact your current energy supplier or the Energy Saving Trust on 0300 123 1234.
What else can you do?
If you are worried about your energy bills it is worth spending some time researching alternative suppliers on comparison websites. Your previous bills should give you a good idea of your average usage and you can use this to help find the best deal for your circumstances.
Other measures you can take include reducing the temperature on your thermostat by a couple of degrees, using low energy lightbulbs and switching off all appliances when you are not using them. Leaving a television on standby, for example, uses a shocking amount of electricity.
If you are worried about paying your bills but think a bad credit history will stop you from getting the best loan rate we can help. Loans for poor credit ratings are what our lenders specialise in and they will have an offer back to you within minutes of you filling out a simple online form.