Money management and debt advice

We understand that struggling with debt can be a real worry and lead to sleepless nights and stress. The earlier you seek help with your debts, the sooner you can get your finances back under control and move forward. Here you can find:

What we can do for you

Money management courses

Saving and borrowing

Choosing the right bank account

Prioritising your bills

Budgeting

Help with council tax

Travel

In the last year our Money Advisers have helped customers with debts for:

Rent

Water rates

Utility bills (gas and electric)

Loans

Council tax

Catalogues

Benefit overpayments

Court fines

Bailiff charges

Credit cards

TV licence costs

 

What we can do for you

  • We’ll check your benefit entitlement to make sure you’re receiving all the right benefits.
  • We can prepare a personal budget sheet with you and work out how much you can afford to pay towards your debts. Visit our managing your money page to find out more
  • We’ll give you options so that you can decide the best way to fix your debt issues – this will all depend on your personal circumstances
  • We can contact the organisations you owe money to and make them aware of the problems you are having
  • We will then negotiate affordable payment arrangements for you

Money management courses

Our Money Advice Team run relaxed and friendly Money Management Courses to help you learn more about budgeting and managing your money. We can help you to develop your financial know-how and work out the best options for managing your household income and outgoing costs. By the time you’ve completed the course with our team of money mentors you’ll know:

  • How Welfare Reform changes will affect you
  • How to prepare a monthly personal budget
  • How to prioritise your bills
  • How to prioritise your other spending
  • How to deal with debts
  • How to be a savvy shopper
  • How to open a bank account

Register your interest for a Money Management Course.

Saving and borrowing

Managing your savings and ensuring your choosing the right kinds of borrowing options are important. By making the right choices and staying on top of your finances you can protect yourself from falling into debt. For more information visit our saving and borrowing area.

Choosing the right bank account

Having a bank account should help you take control of your money and will keep it safe and secure at the same time. You can have your wages, benefits and other income paid into your account without worrying about keeping cash in your home.  To find out more about finding the right account for your visit our choosing the right bank account area.

Prioritising your bills

We want you to be happy and successful in your Midland Heart home and being able to manage your money is a big part of this. Your priority bills include things like rent, council tax, water, TV licence, energy bills, housekeeping, clothing and travel costs. After this you should think about your other costs like mobile phone bills, internet, TV costs and any debts you owe.

Your priority bills at the top of your essential list are:

 Rent or mortgage    Gas  TV Licence    Travel  
 Council Tax  Electric    Food  Fines

After these essential items you should think about your other spending. This might include:

Satellite TV   Catalogues    Birthdays and Christmas  
Unsecured loans    Clothing  Credit cards

The affordability calculator can help you to work out your budget based on the amount of money you have coming into your household. If the calculator leaves you with a minus number you should speak to our Money Advice Team by contacting us.

Budgeting

Budgeting is important for all of us. It's essential you review your incomings and outgoings on a regular basis to ensure you can maintain the things that are important to you. To find out more visit our budgeting area.

Help with council tax

There may be ways in which you can get help and support with your council tax. To find our more visit our council tax information.

Travel

Thinking of travelling today?  It is important to consider your route and the varied transport options available to you.  Follow the below links to a journey planner in your region and where possible pick the greenest travel option available. Most of these would be considered green transport and some offer discounts for family trips like family tickets on the bus. 

West Midlands

East Midlands

Staffordshire