savings and discount schemes

Various organisations and schemes can also help you to save money

MoneyHelper puts you in control with free, impartial guidance that is backed by government and can recommend further, trusted support if you need it. Their free financial health check gives you a personalised action plan to help you make the most of your money and plan for future goals.

The Department for Work and Pensions (DWP) can offer you interest-free loans to help pay for essentials for your home, including furniture, clothing, removals and new job related expenses.

You can ask for a budgeting loan to repay items that you’ve already bought on hire purchase or credit. Visit budgeting loans for more information.

NEFirst Credit Union

If you live or work in County Durham, you can join NEFirst Credit Union, which will give you access to:

• An easy and flexible way to save and a competitive dividend.
• Low-cost fixed-rate loans.
• Free life insurance on savings and loans (subject to terms and conditions).
• Security for your money, as credit unions are regulated by the Financial Services Authority and part of the Financial Services Compensation Scheme.

Gas and electricity

If a large part of your household budget is spent on gas and electricity, there are a few ways you can bring these costs down:

• Check to see if you qualify for the government’s Warm Home Discount Scheme or Winter Fuel Payment.
• See if your supplier has a charitable trust that could help you if you are in arrears.

Loan sharks

If you have fallen prey to illegal money lenders, or loan sharks, we want you to know that there is nothing to be ashamed of and help is available. If you think illegal money lenders are operating in your area, you can contact the illegal money team at Stop Loan Sharks.