Finance help.

[JamesConnelly]

Hello everyone, i recently lost my job due to downsizing, I am now in a struggling moment of my life trying to find a job as fast as i can.
The issue is that i got a computer from PCSPECIALIST a year ago, so my 1 year of not needing to pay has come to a near end, which i then start paying for my PC.

But now with being let go from work, i'm having to leave my flat to a cheaper flat, and cut out debits. My main question is, is there anyone that can give me expert advice on what i can do? I'm afraid i'm not going to be able to pay for my computer untill i find a new job :/

 

[SpyderTracks]

Hello everyone, i recently lost my job due to downsizing, I am now in a struggling moment of my life trying to find a job as fast as i can.
The issue is that i got a computer from PCSPECIALIST a year ago, so my 1 year of not needing to pay has come to a near end, which i then start paying for my PC.

But now with being let go from work, i'm having to leave my flat to a cheaper flat, and cut out debits. My main question is, is there anyone that can give me expert advice on what i can do? I'm afraid i'm not going to be able to pay for my computer untill i find a new job :/

Probably worth speaking to your bank or https://www.moneyhelper.org.uk/en

I don't think PCSpecialist can help at all as the loan isn't with them.

 

[steaky360]

Hello everyone, i recently lost my job due to downsizing, I am now in a struggling moment of my life trying to find a job as fast as i can.
The issue is that i got a computer from PCSPECIALIST a year ago, so my 1 year of not needing to pay has come to a near end, which i then start paying for my PC.

But now with being let go from work, i'm having to leave my flat to a cheaper flat, and cut out debits. My main question is, is there anyone that can give me expert advice on what i can do? I'm afraid i'm not going to be able to pay for my computer untill i find a new job :/

Further to @SpyderTracks suggestion above, I'd also suggest getting in touch with the loan company (think its Novuna Personal Finance, but check your paperwork to be sure) to see if there are any alternative arrangements they can offer (ie. a further payment break or similar for example).

There are several debt advice services who could be contacted if you're not able to manage things currently: https://www.gov.uk/debt-advice

 

[SpyderTracks]

Further to @SpyderTracks suggestion above, I'd also suggest getting in touch with the loan company (think its Novuna Personal Finance, but check your paperwork to be sure) to see if there are any alternative arrangements they can offer (ie. a further payment break or similar for example).

There are several debt advice services who could be contacted if you're not able to manage things currently: https://www.gov.uk/debt-advice

That's a good point, creditors are often able to freeze an account while you're off work so the payments are deferred.

 

[B4zookaw]

Sell the PC, pay off a lump sum of the debit and see if finance company agree to a payment plan.