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pounds, shillings and sense - money matters
Welcome to our Pounds, Shillings and Sense page. People don’t often know what help and advice is available so we have decided to make it easier for residents to access information. Here you will find help and advice as well as links to other sites where you can get practical help, money saving tips and even money-off vouchers.
If you would like a confidential appointment to discuss your concerns about debt, financial worries or benefits advice please complete the form below and someone will contact you. Or you can telephone 0845 849 2000 to make an appointment.
Help yourself to a better future
It always seems more difficult to save more, and spend less. There always seems to be somewhere else to spend your money - that is why so many people are in debt. It's time to start to learn the many ways that we can save money. If you do nothing else, make a budget. It may sound dull, but writing down exactly where your money goes each week, as well as what you have coming in, is the single most important thing you can do.
e-factor can provide FREE budgeting courses at various locations throughout the area. For further details or to book your free place you can call FREE on 0800 952 0181.
'Will you be Quids In?'
That's the question North East Lincolnshire Council is asking its residents as it launches a major campaign to make sure that everyone in the borough receives the benefits they are entitled to. For more information visit the Council's website.
Moneyline
Moneyline (East Lancs Moneyline -ELM) is one of a very small number of organisations in the UK set up specifically to help individuals who struggle to get credit from the high street banks and building societies. The organisation has the backing of Shoreline and Havelok.
Many companies who specialise in lending to tenants, usually by "doorstep cash loans" charge rates of interest of up to 10 times the amount that a bank or building society would charge.
Moneyline is able to offer an alternative.
Through Moneyline, many people in this area have already been helped to access more affordable loans, open a bank account or start a savings account. Click on this link to find out more about Moneyline.
If you would like a confidential appointment to discuss how Moneyline could help you please complete the form below and someone from Moneyline will contact you, or you can telephone 01472 267600 to make an appointment.
Beware of loan sharks
We've included some useful tips from the government to help you avoid getting into financial difficulty with a loan shark.
Tip 1 – Only borrow from legal lenders
Ask for proof the lender has a Consumer Credit Licence
Tip 2 - People lending without a licence are illegal
You are not breaking the law if you borrow from someone without a licence but you are likely to be ripped off and worse.
Tip 3 – Illegal lenders are loan sharks
You may have been bitten by a loan shark if your loan keeps growing even though you pay regularly. One loan shark customer had to pay £50 a week out of her benefits of £74 per week. Another was charged 117,000% interest (APR).
Tip 4 – Some loan sharks threaten you when you can’t repay
These kind of loans are unenforceable without a court order
Tip 5 – Most loan sharks don’t provide paperwork
You never know how much you have paid
Tip 6 – Report your lender if you don’t think they have a licence
Phone our confidential help line 0300 555 2222. It is staffed 24 hours a day 7 days a week, 365 days a year
- We will check to see if they are legal
- You will not get into trouble with the authorities
- Remember, it is the loan shark who is behaving illegally.
Tip 7 – You probably won’t have to repay loans from an illegal lender
Contact our helpline for guidance.
Tip 8 – If you think you’ve been bitten by a loan shark
Call 0300 555 2222 (charges are local rate including inclusive minutes from mobile phones)
Email: reportaloanshark@stoploansharks.gov.uk
Visit: www.direct.gov.uk/stoploansharks/
Tip 9 - If in doubt give us a shout!
The help line is staffed by members of an Illegal Money Lending Investigation Team working with North East Lincolnshire Trading Standards to ensure that loan sharks are brought to justice.
Useful links
There are numerous websites that offer advice on everything to do with finances. Here are just a few.
www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingDebt - Official Government website -easy access to the public services you use and the information you need. Has information and advice on debt, budgeting, borrowing, employment and much more...
www.elmline.co.uk - Moneyline is one of a very small number of organisations in the UK set up specifically to help individuals who struggle to get credit from the high street banks and building societies. The organisation is backed by Shoreline and Havelok. They can be contacted by telephone on 01472 267600.
www.communityadviceservices.org/home/ - a Grimsby based company offering advice and assistance on welfare benefits, debt, legal, employment, homelessness and more. Telephone 01472 871383.
www.moneysavingexpert.com - a site where you will find a whole host of money saving tips and advice on everything to do getting the best value for money – including money-off vouchers and price comparisons.
www.moneysupermarket.com - price comparison website where you can compare cheap loans, shopping, gas, electricity, mobile ‘phone deals mortgages, credit cards, and much more...
www.nowletstalkmoney.com - a site where you will find help on getting affordable credit, a bank account or free money/debt advice.
www.moneymadeclear.fsa.gov.uk - a site which offers impartial information and tools to help you find out what's right for you.
www.moneymadeclear.fsa.gov.uk/news/features/2010/need_help_with_fuel_costs.html - advice from the financial services authority on how to get help with fuel costs
http://energy.money-angels.com/index.html - a site which is all about saving money on your utility bills.
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