Practical tips to help you improve your credit rating and avoid expensive high interest loans
It seems that at one time or another someone we know is waiting to find out whether they are going to be made redundant. Sometimes they might even want to be if they are not happy in their job and would like to move on. At other times it might be due to a recession, public sector cutbacks or company mergers.
Whatever the circumstances it’s certainly a stressful time but there are ways you can prepare and get through it if the worst does happen.
Generally you will probably have some sort of warning that redundancy is possible whether it’s an official notice from your company or simply the rumour mill spreading the word. If you do hear that this could affect you here are some ways to prepare for the worst:
By taking these and other steps you will be more in control of your finances if the worst should happen. You can find out more about your rights when it comes to redundancy on the Gov.uk website.
If the worst does happen, you are struggling to cope and need a small loan we can help you compare loans from our panel of specialist lenders.