The Coronavirus and Your Finances

Answers to Your Coronavirus Finance Questions

As the pandemic remains prevalent, you might be worried about how it has already affected your finances or whether it will do in the future. Here are some answers to the most commonly asked questions about how the coronavirus could have affected your finances.

 “I’ve been furloughed, what does this mean?”

If you have been furloughed, this means that you do not need to attend work. You will still be on your employer’s payroll and you may go back to work once your furlough period ends. Millions of people in the UK have become furloughed because their place of work has had to close due to the lockdown and social distancing measures.  

“I have an upcoming court hearing, should I still go?”

HM Courts and Tribunal Services have stated that you may still go to your court hearing as long as you or the people you are attending with do not have either a confirmed or possible case of the coronavirus.

If you believe that either yourself or the people going to court with you have a positive case of the coronavirus then you must contact the court as soon as possible.

“I’m expecting a visit from a bailiff. Will it still go ahead?”

As of the 23rd of August 2020, the government has given bailiffs the green light to be able to visit people’s homes and take control of goods for debts owed.

If you are in Scotland, the majority of sheriff officer firms have paused home visits and are instead contacting people via letter or telephone.

“I’m feeling anxious and worried about the coronavirus”

If you feel as though the coronavirus pandemic is taking a toll on your mental health, do not be afraid to reach out for help. There are organizations out there that are set up for the sole purpose of giving you the help that you need during difficult times. Try getting in touch with either MIND or the Samaritans for mental health guidance.

“I don’t know how to sort out my debt during this time”

If you’re feeling overwhelmed with your debt and finances and you’re unsure of what to do, reach out to us. We are here to listen to your personal financial situation and offer you the best advice that we can and all for free.

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