Should I avoid taking out a payday loan?

Payday loans are expensive and may cause you further finance hardship.

If you first complete an income and expenditure budgeting sheet like this one from the Money Advice Service, you will be able to see a clearer picture of your finances. You may need help to prioritise payments and manage your debts.

You can get further information about how to deal with debt here through StepChange.

If you are having issues managing this, please contact our Tenancy Sustainment team here and we can help you through this process.

Support is also available through Westcountry Savings & Loans, a not-for-profit Credit Union which has helped many people throughout the South West. Westcountry Savings & Loans offer a range of responsible and ethical loans, savings products, information, education and support, which you can access as a LiveWest customer. You can find more about Westcountry Savings & Loans here.