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Taking control of your finances as soon as possible could stop you getting into trouble with money. Making the best use of the money you have and paying the right people first can make the difference.

 

How to sort out your debts

If you're in debt, you need to take action quickly to stop the situation getting any worse. To start dealing with your debt problems, look at our page on How to sort out your debts.

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In Coventry we have a team of advisors that can assist you with a wide variety of money worries including debt; simply complete the form and tell us about your situation and we will contact you as soon as we can.


Payday & guarantor loans

Payday loans are short-term loans for small amounts of money. They are available from high street shops and internet sites. Payday loans can be easy to get but interest rates are very high. There may be other ways for you to sort out your short-term money problem.

A guarantor loan is a type of unsecured loan that requires a guarantor to co-sign the credit agreement.

If you default on the agreement, the credit provider will usually be able to take action against either you or the guarantor, depending on their financial situation and the terms of the agreement.

A guarantor agrees to pay off the outstanding debt on a credit agreement if the borrower or hirer defaults. This is a very serious legal commitment. In order to be enforceable, a guarantee must either be in writing or there must be some other written evidence of its existence and in both cases the document must be signed by the guarantor.

The obligations of a guarantor will depend on the terms of the agreement s/he signed. However, the guarantor will usually be fully responsible for the debt and may be sued either separately or jointly with the person who owes the money. If the guarantor is sued alone, s/he may apply to the court for the person who owes the money to be sued with her/him. A guarantor who has paid an outstanding debt is entitled to claim the money back from the person who took out the agreement.

Someone who has been asked to be a guarantor is entitled to some protection under the Consumer Credit Act 1974. 

Dealing with the bailiffs and collection agencies

If you owe money, your creditor has various options to try and get their money back. Instructing bailiffs to take your things away is one of these options. More about what to do if you get a visit or a letter from bailiffs

I would like someone to contact me

In Coventry we have a specialist team of money advisors that can assist you with a wide variety of money worries including debt; simply complete the form and tell us about your situation and we will contact you as soon as we can

I have received a fixed penalty charge for a parking offence

Coventry City Council is responsible for Parking Enforcement in Coventry. The staff that issue the parking tickets are Coventry City Council officers instead of police officers or traffic wardens.  For information on what you can do

If you have been issued a parking notice by the police click here for further information.

Find out what to do if you are issued with a parking ticket by the council or on private land here

Bankruptcy and Debt Relief Orders

Bankruptcy and Debt Relief Orders are different options for dealing with your debts, however they need careful consideration. This page tells you about the choices and can help you to work out whether bankruptcy or a DRO is an option for you.

I would like someone to contact me
In Coventry we have a specialist team of money advisors that can assist you with a wide variety of money worries including debt; simply complete the form and tell us about your situation and we will contact you as soon as we can.

Worried about affording your rent or mortgage payments?

If you’re struggling to pay your rent or mortgage this doesn’t necessarily mean you have to lose your home. There are steps you can take to negotiate with your landlord or mortgage lender so that you can pay off what you owe. Worried about your mortgage payments or worried about your rent payments.

I would like someone to contact me

In Coventry we have a specialist team of money advisors that can assist you with a wide variety of money worries including debt; simply complete the form and tell us about your situation and we will contact you as soon as we can

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