Losing your job or facing redundancy can be stressful.
But you’re not alone. We’re here to help you understand your options and manage your finances during this uncertain time.
What to do if you’re in debt after being made redundant
Redundancy can make existing debts feel even more overwhelming. But there is support available. When you speak to our team, we will:
- Review your budget
- Look at your income and expenses
- Help you understand which payments are priorities
- Talk you through your next steps
If redundancy might be coming
Try not to panic. You may still have options, including retraining, applying for a new job, or even starting your own business.
Before deciding on your possible next steps, speak to your family, friends, or a professional.
Consider how each option could affect you both financially and emotionally.
What you’re entitled to when you’re made redundant
You may be eligible for:
- Redundancy pay
- A notice period
- A consultation with your employer
- A new job with the same company
- Time off to look for work elsewhere
We’re here to help
Thank you for trusting us to support you through these uncertain times.
Our goal is to help you move forward with your finances as quickly and smoothly as possible. If you have any questions about the ways in which we can help, you can reach us at:
We’re just a call away. If you need more help or support at any stage, simply call us:
0800 072 1206
Calls are free from all landlines and mobiles.
Need this in Braille, large print or another language? Let us know – we’ll be happy to help.
Read more of the PayPlan Redundancy Guide here.