Even if you don’t feel you need on-the-spot advice from the professionals, some general guidance can never go amiss. Here are Moneyway’s six savvy secrets to help get you through the crunch with your credit rating intact.
1. Trim your finances
Check your bank statement for unnecessary direct debits. Cancel anything that you don’t need or see a benefit from – this doesn’t apply to all insurance policies! Ensure you have adequate cover for your assets, but don’t waste money on the unnecessary.
2. Review day-to-day spending
You could make significant savings by adjusting your spending habits slightly – taking a packed lunch instead of buying a sandwich every day could reduce your outgoings each month.
3. Protect your credit rating
Banks and building are becoming more selective about who they will lend to. That means you need to make sure your credit rating is as good as it can be in order to maximise your chances of having a credit application accepted.
4. Reduce energy bills
More than 60% of consumers have never changed energy provider and are still on their supplier's standard tariff. They could cut their annual bill by around £250 a year by switching to a more competitive tariff. For some the savings could be even greater. Visit http://www.moneyway.co.uk/
5. Reduce energy consumption
As well as switching to a cheaper tariff, by turning televisions and computers off, using energy efficient light bulbs and doing your washing at 30 degrees could reduce your energy costs further.
6. Compare insurance quotes
The vast majority of consumers renew their home or motor insurance with the same provider year after year. Moneyway ( http://www.moneyway.co.uk/
