Women on Maternity Leave struggle with Finances

  • Women on Maternity Leave are struggling with Finances and Money Worries

A report out today suggests that 30% of women on maternity leave are falling further into personal debt using credit cards and overdraft facilities to support them financially through the pregnancy period.

10% of women are cutting the maternity period short and returning to work early just to try to stop the financial pressures building up further. Some are seeking help and advice from a debt consolidation service.

Most of the mothers surveyed claimed that income in the family home had reduced by approximately 40% and they were turning to family assistance or loans and credit companies to get by.

Most women are cutting short the time they take as maternity leave and this is only to try to boost income and reduce personal debt levels that are rapidly building.

If you are pregnant in debt and require assistance to clear credit cards, loans, store cards, catalogues and overdraft debt then contact a personal debt consolidation service today.

Lewis Alexander Financial Management can help you to clear unsecured debts and consolidate them into one monthly repayment without the need for another loan.

  • Contact the Lewis Alexander personal debt helpline today in confidence using 0800 018 6868.
  • Lines are open 24 hours / 7 days and your call is usually free from a land line.

Living Abroad and Struggling with UK Personal Debt?

Lewis Alexander is a Financial Management company in the UK and we have 10 years experience of helping Expats and UK residents living outside of England, either on a temporary or permanent basis.

Dealing with the minimum payments on credit cards and sending payments to loan companies can get very tedious from abroad and it can help to have a company dealing with the creditors for you.

Not everyone should enter into a personal debt consolidation solution and our clients personal circumstances dictate the advice we give.  There are free charities such as the Citizens Advice Bureau and the Money Advice Service set up by the government which can all help you to understand how to deal with personal debt and the stress associated with it from abroad.

Sometimes people are staying abroad and have no intent on returning, whilst others are planning on returning to the UK and wish to make some positive arrangements so they are not in financial distress when they return.

Help and advice is available from Lewis Alexander and the lines are open 24 hours a day for you to call.  We deal with people across the world who are Expats of the UK in debt, living in places such as Dubai, USA, Germany, France, Italy, Belgium, Poland, Iraq and Afghanistan.

If you wish to pay for debt assistance and have a dedicated company responsible for managing your personal debt commitments then please call Lewis Alexander;

Your call may not be free from abroad and you should check the cost with your phone provider before calling.

Struggling with personal debt problems

  • Reliable debt advice UK is something we feel everyone should have access to in modern Britain. We offer precisely that.
  • Talk to us today and we will try and help you try to make your debt problems less of a problem.

Personal debt can be one of the most stressful long-term issues a person or couple may have to face during their life. It is one of those problems that people do not often talk about or admit to because there is a stigma attached to personal debt in the UK. Find out how to clear credit card debt with debt management online.

We believe that this should not be an issue when someone finds themselves struggling in debt. More important is that the person is given the best possible debt help and advice to allow them to work themselves through the debt problem and become clear of debt again.

What causes the debt in the first place?

When people come to understand that they have a personal debt problem, it can sometimes surprise them how they managed to get into so much debt. Spending patterns are not always the reason for serious debt problems. Often debt can be the direct result of common life experiences and changes in circumstance.

  • The following are some of the more common reasons people suddenly find themselves in debt.

Debt through redundancy

Redundancy is something that can suddenly hit unsuspecting families without warning and this can mean people are then in a position where they can not meet their financial commitments.

Debt through divorce

Although divorce is something that doesn’t necessarily happen suddenly, the effects of divorce can be just as devastating. Financial implications of divorce can be huge with one or both partners having to make enormous financial changes to cope with their new status.

Debt after retirement

Obviously, people who have reached retirement age and have then gone on to completely retire experience a huge change in their lives. This is not only a change in their working lives but also their financial lives in many cases. Some people experience a transition into personal debt whilst on a pension that they cannot do anything about. We can try to help you if you find yourself in this position.

Debt because of bad health

An unexpected illness, whether short-term or long-term, can cause unwanted debt problems. Illness can cause unexpected expense that can tip the balance between coping financially and being in debt. Let us help you with up to date advice.

Debt due to disability

Living with disability can often cause debt in itself as many disabled people have to try to live on a very low-income with no prospect of improvement. Contact us for personal debt help and advice in confidence today.

Debt through death

Death brings on many different problems for surviving family members, not least of which are the financial difficulties death can bring. Find out what help is available for people coming to terms with death in the family and find out what things can be done to alleviate the pressure often felt by personal debts caused by death.

  • If you want to get the debt help and advice we can offer, call 0800 018 6868 today.
  • We have fully trained advisors who will give the best help and advice they can in total confidence.

Youth unemployment and personal debt

As unemployment figures and requirements for debt advice UK reach their highest since the early 1990’s, the two stats that are most regularly focused on are the number that have been unemployed for 12 months or more and the volume of under 25’s who are currently registered as unemployed.   For the record these two figures currently stand at 833,000 and 965,000 respectively.

  • So why is youth unemployment such a problem?

Well, for a start it leads to worrying headlines from newspapers (who should really know better) about ‘lost generations’ and it reinforces stereotypes about youngsters being lazy.

It also reflects a lack of new positions being created within the job market.  In times of economic difficulty, employers are less likely to take chances on less experienced staff, preferring to go with the fully-skilled employee who can deliver immediate results.  It is also likely that the experienced worker will be available for less, so they become a more attractive proposition.

Perhaps most worry is the fact that business leaders claim unemployment in the young is owing to the absence of genuine work skills from those leaving education at school, college and university.  Top of these claims include: an inability to perform simple mental arithmetic, a lack of inter-personal skills making dealing with the public impossible, (and from our university graduates) a real lack of marketable knowledge.  It appears that my BA (Hons) David Beckham Studies is useless after all.  Although it did include an entirely enjoyable module studying the life and times of The Spice Girls!

Increasingly UK Job Centres and careers counselors are advising the young and unemployed to undertake further training.  As budgets for this training reduce, the cost is often borne by the student themselves.  This return to education may reduce the volume of the young and unemployed in the short term, but in the long term will create a wave of people who return to the labour market, potentially still without those basic skills employers crave.

So if you are trapped in a cycle of unemployment what can you do to improve your situation?  Perhaps the first place to start is thinking about the type of job that you are looking for.  Is this something that you are fully qualified to do?  If so, have you just been unlucky? Or is it because you lack the practical experience?  Where this is the case, whilst it hurts to give away your skills for free, a period of volunteering can unlock doors.  The more commercial amongst you may even make an offer that provides a £zero salary, but will generate an income for you if you can bring in revenue from the work you do, or can clearly demonstrate how you have cut costs.

If you don’t really have the skills for your desired profession, then the decisions to be made are more drastic.  Firstly, are you being realistic in your expectations for a career?  And if not, do you need to complete some drastic retraining?  Whilst applying (and not getting) jobs can be depressing, it can be avoided if these roles were pipe dreams in the first place.  If you are being realistic, then maybe you need to consider falling back on a different career until prospects in your field improve.  The sarcastically inclined amongst you, may argue that this is why every Barrister is a writer and every waitress in London is a wannabe West End Actress!

  • Sarcastic, maybe… but you can see the logic of having a back-up career to help with debt and pay the bills.

Payment Protection Insurance or PPI Claims

  • Do you have the right to claim back the premiums you have paid in the past for this PPI or Payment Protection Insurance?

You may have seen adverts for PPI Claims or Payment Protection Insurance claims online, on the TV or radio and certainly in the national press.

These companies are helping people to reclaim the premiums they have paid for loan and credit card payment protection insurance.  This is a financial product that has been sold alongside many credit card and loan agreements which should cover the individual borrowing the money for monthly repayments to be made on their behalf should they be unable to make the contractual repayments to the lenders.

There are many reasons why an individual may think that PPI or Payment Protection Insurance would be required, it is usually in case of sickness, redundancy or other changes to your personal circumstances that may affect your ability to repay a loan or credit agreement.

PPI or Payment Protection Insurance has in many cases been mis-sold or not even mentioned but added onto an agreement without the customers original consent. This means that those insurance agreements can not legally be upheld so a claims management company can act on an individuals behalf to reclaim monies paid in premiums for this particular PPI (payment protection insurance).

Not everyone can claim but there is a point in checking to see if you are able to claim, you may have been mis-sold the PPI and may be eligible to claim, if not you have lost nothing but a little time.

You should not be charged any up front fees to see if you can make a claim for mis-sold Payment Protection Insurance and beware of any claims companies that try to get you to pay anything without clarification that you can make a successful claim.

If you are considering making or want to know how to claim back PPI whilst on a debt management plan or know that you are eligible to do so, please contact our debt helpline today 0800 018 6868 in absolute confidence, we will offer you our debt advice UK regarding the PPI Claims Industry.

Lewis Alexander Financial Management  is NOT licensed by the Ministry of Justice in respect to Claims Management Activities and has no financial gain from the PPI claims process advice we offer you.

  • Call FREE from a land line today using 0800 018 6868

Emergency money help and advice

When we are struck with sudden costs such as health or home related, we tend to struggle to find the money to pay for the “emergency” that has arose.

Even if living costs are being met when the odd change of circumstance occurs, it can have devastating effects financially for the long term if you have to borrow emergency money at high rates.

People should save an emergency fund or have a way of accessing emergency money through insurance or even friends or family.  In a world that is ever more technological and fast moving, accidents and break downs of all types of equipment are more likely.  Yes, even the breakdown of our own bodies.

If your financial situation does not allow for you to think about a budget for a rainy day fund, or emergency cash fund, then consider how you can increase your earnings to enable you to save that few extra (£) pounds per week or month. When you have the small fund you will feel as though you have achieved something, test us to see if we are wrong!

The important message within this blog post is “Get your rainy day fund in order, or start one today!”

If you are struggling with personal debt and think that you would benefit from a confidential conversation with a trained debt advisor, call our personal debt helpline today using  0800 018 6868