Job loss

Hints and tips

Losing your job is never easy, here are some practical steps you can take help

• Check your rights: If you’re facing redundancy you might be eligible for redundancy pay, a notice period and consultation with your employer. Your current employer may also be able to support you with finding a new job.  
• Keep companies informed: If you don’t have enough money to keep on top of your priority bills (things like your mortgage, rent and utilities) then you should  get in touch with your providers. They may be able to help you manage your money.
• Benefits and entitlements: When anything changes in your employment, it may mean your ability to claim benefits is affected. We’ve got a free benefits calculator you can use to learn more.

.

How Lowell can support you

If you are a Lowell customer experiencing uncertainty due to a change in job, we can offer support.  

How we can help: 

• Understand your budget: You can use our budget calculator to get a better understanding of your finances. If you need help this, give us a call and we can guide you through it.
• An affordable payment plan: All our payment plans are flexible and we will agree a payment plan that is affordable for you. As your situation changes you can change your payment plan to suit you. 
• Giving you time: If you’re worried you won’t be able to make any payments right now then that’s ok. Get in touch to let us know and we can give you time to understand your finances and get in touch with your providers.