Debt Consolidation Loans

  • ☰ HOME
  • ☊ APPLY ONLINE NOW
  • ? DEBT FAQs
  • ✍ OTHER SOLUTIONS
    • IVA Individual Voluntary Arrangements
    • Debt Relief Order DROs
    • Debt Arrangement Schemes
    • Scottish Trust Deeds
    • Bankruptcy
    • Business Debt Consolidation
  • ✔ ABOUT US
  • ☎ CONTACT US

How Can I Protect Myself from Falling Behind if I Lose My Job?



One of the biggest fears of anyone living from check to check is that they lose their job and are now faced with an unemployment check that simply does not cover their debt load.

If this happens, it will not take long for panic to set in, as you quickly realize you have a lot more scheduled to go out than you have coming in.

Here are some ideas to help prevent this from happening.

Most credit cards and loans offer insurance against loss of employment.

The fee for this is often very small and it gives the assurance of your debts being paid while you are out of work.

However, most of these will have a provision that states the policy will only go into effect if you lose your job through no fault of your own.

In other words, do not get fired for fighting with a supervisor or unsatisfactory work!

Even during the most difficult of times, it is important to create a rainy day fund. Putting even £25 a week to the side in some type of interest bearing account will make a significant difference over time if you lose your job. The small savings may mean the difference in being able to make your payments or having to decide between groceries and electric.



Do not wait until the last minute to be proactive with your creditors, either. As soon as you find out about the loss of employment, contact all credit card companies and lenders to inform them of the problem. They may be able to temporarily lower payments or even allow you to skip the next payment while you seek employment.

Even if one or two of them alter payment structures, it can make a big difference in your monthly budget.

If you are up front and honest with them, they are more likely to work with you to prevent missed or late payments. If you re get resistance as the first level of customer service, demand to speak to a supervisor. Keep going up the chain until you get someone that is willing to work with you.

Eventually, you will probably find someone that is both sympathetic to your cause and that has the authority to restructure your payments.



Our Panel Of Lenders Include:

Free Debt Report Download

Download your full guide to the solutions available.

Download guide

Popular Content

  • Will An Overdraft Count On My Credit Report If I Do Not Pay It Off?
  • How Can I Get A Mortgage With Bad Credit History?
  • How Can You Make an Offer of Payment to a Debt Company?
  • Debt advice in London numbers and contacts
  • How Will My Partner’s Bad Credit Affect Our Ability for Joint Purchases?
  • Debt consolidation management program types discussed
  • Resources for Dealing with Personal Finances
  • Debt advice in Hull numbers and contacts
  • Making Sure Your Debt Consolidation Service Keeps Your Information Confidential
  • How Can I Stop My Spending and Avoid Going Further Into Debt?
  • How Can I Get My Debt Back Under Control?
  • Scottish Trust Deeds A Debt Solution For Scottish Residents
  • I Thought I Had a Good Credit Score, But I Was Still Turned Down for a Loan
  • Debt consolidation calculator choosing a debt consolidation loans calculator
  • What Is the Best Way to Improve Credit Rating
  • What Happens When Someone Dies in Debt, but Has Left Money in Trust?
  • Learn How to Get Out of Debt
  • Advantages And Disadvantages Of A Debt Relief Order DRO
  • Advantages And Disadvantages Of A Debt Arrangement Scheme
  • Is It Possible to Get a Mortgage with No Savings?
  • What Benefits Are There to Debt Consolidation?
  • How Will a Debt Relief Order Affect My Ability to Get Future Credit?
  • Reducing Energy Use In The Bedroom
  • Debt Relief Orders DROs Explained In Detail
  • What Are The Best Ways To Raise My Credit Rating?
  • Debt consolidation loans online and online debt consolidation discussed
  • 5 Benefits Of Debt Consolidation Loans
  • Earn Money While Saving It At The Same Time
  • Secured debt consolidation and secured debt consolidation loans
  • How Will a Debt Consolidation Loan Help Me Get Out of Debt Quicker?
  • Procedural Changes for Disability Benefits May Increase Personal Debt
  • Unsecured debt consolidation loans discussed
  • Can I Sell Debt That Is Owed To Me To a Debt Collection Agency?
  • Debt consolidation advice the consumer credit counselling service
  • Saving Money When Using Public Transport
  • Saving Money On Pet Care- Simple Ideas That Make A Difference
  • How Do I File a Credit Dispute?
  • Shocking Debt Statistics And Benefits Of Debt Consolidation Loans
  • Increasing Number of Homes in Energy Debt
  • Will a Business Plan Help Me Get a Business Loan if I Have Bad Debt?
  • How Can I Protect Myself from Falling Behind if I Lose My Job?
  • Save Money On Winter Meals
  • How Does My Debt Affect Me If I Wish To Move Abroad?
  • Money Saving Tips For Excellent Healthcare
  • I Cannot Pay My Student Loan Debt, What Are My Options?
  • Easy Ways To Save Money While Gardening
  • What Type of Credit Cards Can I Get After Bankruptcy?
  • What Is an IVA?
  • If My Spouse Is In Debt and Unable To Get a Lower Interest Credit Card, Can I Transfer That Debt to My Card?
  • Getting More Food On A Limited Budget
  • Debt advice in Manchester phone numbers and contact details
  • Clever Money-Saving Tips For Students
  • What Happens If My Spouse Dies In Debt?
  • How Do You Know If You Are on the Bad Debt List?
  • What Can I Do If I Can No Longer Meet The Requirements Of My Debt Management Plan?
  • What Are the Best Low Interest Credit Cards for Someone with Bad Credit?
  • Substantial Savings With Regular Saver Accounts
  • How Long Does It Take for Negatives to Fall Off My Credit Report?
  • Save Cash On Clothes Without Looking Frumpy
  • Entertainment On A Shoestring Budget
  • Are Payday Loans Good for People in Debt?
  • Conserving Water For Money Savings And More
  • My Gambling Debts Are Bankrupting Me, What Can I Do?
  • How Should I Pay My Credit Cards?
  • Top Tips For Saving Money On Heating, Cleaning, And Electricity
  • Debt advice in Milton Keynes numbers and contacts
  • Purchasing A Home To Save Money
  • How Do Credit Inquiries Affect My Credit Rating?
  • Bankruptcy In The UK And How It Works
  • Ways To Avoid The Savings Crisis
  • Top Ways To Cut Your Hair Care Costs
  • How Do I Consolidate My Student Loans?
  • Budget Travel Tips For Christmas Holidays
  • Best debt consolidation loans and how to find one
  • What Agency, If Any, Oversees Debt Collection Agencies In The UK?
  • Can I Consolidate Debt Into a Mortgage?
  • What Are the Benefits of Filing for Bankruptcy?
  • I Have Been Contacted About a 10-Year Old Debt, What Should I Do?
  • Do Laundry The Money-Saving Way
  • How Can I Reduce My Debt?
| Terms & Conditions | Privacy Policy | Site Map | XML Site Map | For Homeowners With Bad Credit|

COPYRIGHT © 2011 – 2022 Money Marvel


This website is provided as an independent marketing website. We are neither a lender or an independent financial adviser and as such are unable to offer financial advice. Enquiries generated via this site are passed on to independent financial advisers and loans brokers. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Money Marvel, 4 Camino Condesa, Fuengirola, 29640, Spain
The server time is 03:40:36am