Tier 1 · SurviveM22

When Money Is Tight

~16 minNot started

Step 1 of 30/3 done

First, breathe — and triage

When money's short, pay priority debts first: rent or mortgage, council tax, energy, court fines and your TV licence — because the consequences (eviction, bailiffs, disconnection) are the most serious. Credit cards, loans, overdrafts and BNPL are non-priority and come after.

Tip:Contact creditors early — most have hardship teams and would rather agree a plan than chase you.

Breathing Space

If debts feel unmanageable, the Debt Respite Scheme gives a 60-day freeze on interest, fees and most enforcement while you get help. You apply through a free FCA-authorised debt adviser, not directly.

Watch out:It's a pause, not a write-off — but it stops things getting worse while you make a plan.

GOV.UK — options for dealing with debt

Get the help you're owed

Check what benefits you can get, the Household Support Fund and local welfare help via your council, and charity grants (search Turn2Us). Foodbanks (via a referral) are there if you need them — there's no shame in using support that exists.

GOV.UK — check what benefits you can get

Free, regulated debt advice — never pay

StepChange, National Debtline and Citizens Advice are free and confidential. Avoid any firm that charges for debt help or cold-calls promising to "write off" your debt.

Tip:Acting early gives you the most options — the worst step is no step.

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