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Debt Help Mums

Single Mum Grants, Benefits and Debt Support

Find support to help you with everyday costs, such as buying a school uniform for your child

If you are a single mum bringing up a child, there may be benefits, grants or other financial support available to you.

Hopefully there are some resources here to point you in the right direction.

** If you are struggling with debt, get free support right away by clicking here.

Benefits

Turn2us is one of the best websites to find out what benefits you may be entitled to. Some benefits include:

Child Benefit – if you are responsible for bringing up a child aged under 16 or a young person aged under 20 if they are still in full-time education up to A level or equivalent, or on certain approved training courses.

Universal Credit – if you are aged between 16 and pension age and on a low income or aren’t working. It includes amounts for children. For new claimants, Universal Credit replaces the help that used to be given through Child Tax Credits. If you are a lone parent, see our Single Parents: Claimant Commitment under Universal Credit.

Child Tax Credit – if you are 16 or over and responsible for bringing up a child aged under 16 or a young person aged under 20 if they are still in full-time education up to A level or equivalent, or on certain approved training courses. Child Tax Credit is gradually being replaced by Universal Credit. Our guide on Child Tax Credit has information on who can still get it.

Guardian’s Allowance – if you are bringing up a child whose parents have died or one has died and the other is unable to look after them in certain circumstances. You have to also be getting Child Benefit for the child.

Grants

Lawrence Atwell’s Charity

Grants are available for young people from low-income backgrounds, to help them gain vocational, accredited qualifications. The charity does not give grants for secondary education, university or postgraduate degrees or courses at a private dance/drama college.

We offer grants from £100 to £1,500 for people aged 16 to 26, to take courses (up to level 3) that will help them move into employment. Funding can be given for course fees, equipment/materials, travel costs, and childcare. We also don’t give grants for general welfare purposes.

The Prince’s Trust

The Prince’s Trust gives grants to young people aged 16-30 who have experienced difficulties at school, have been in trouble with the law, are long-term unemployed or have been in care. The charity runs a number of programmes to help these young people. It also provides grants to young people who are on one of these programmes.

B&CE’s Charitable Trust

Grants for workers in the construction industry and their families to help alleviate individual financial strain and hardship.

Please note that applicants must be in receipt of all benefits that they are entitled to before applying for a grant.

The Vegetarian Charity

Vegetarians and vegans aged below 26 who need financial assistance, such as help with educational courses or essential items.

Elizabeth Finn Fund

The Elizabeth Finn Fund (EFF) provides one-off and recurring grants for people who have British nationality or live in the UK for at least half the year and have a professional or similar background or connection, and their dependants.

Financial Support

Whether its budgeting advice, debt help, help with lenders demands or you just need someone to discuss your finances with, you can get support right away by clicking here.

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Debt Help Mums

IVA Individual Voluntary Arrangements For Mums In Debt

Are you a mum and struggling with your finances to the point that they are now out of control?

Do you worry about how you will be able to continue providing a stable home environment for your children?

You are like many UK mums experiencing similar issues, and there are financial solutions to your problems. Carry on reading to find out further about the challenges facing single mothers and financial solutions such as IVAs.

To check if you qualify, get a free online debt assessment now, click here.

What Financial Challenges Do Mums Face?

As a mum, maintaining a strict budget to run a household with children is essential, especially if potentially only one source of income or just relying on government benefit.

Throw into the equation unexpected costs and the pressure to provide enough food and adequately clothe your children can present substantial economic challenges that if you do not have discipline will soon spiral out of control.

Why do Single Mothers have Financial Problems?

Spending behaviour is the number one cause of financial problems for mothers. With no plan in place to manage the monthly budget, money can evaporate unnecessarily.

A monthly budget includes setting aside money for:

  • Groceries
  • Household bills
  • Unexpected costs such as replacing household appliances
  • Children’s clothes, shoes, and school uniforms
  • Existing unsecured loans
  • Travel costs

For mothers that do not adhere to a monthly budget, finances can quickly become unmanageable. If the case, it is vital to get to the root of your spending problem by analysing your spending habits.

It is essential to differentiate between what are necessary purchases and what constitutes a luxury purchase. You can do this by tracking every single time you spend money either manually or using a spending app available on either Google Play or the App Store. After a month, it will give you a clear indication of where your money goes.

If you have left it too late and your debt repayments are already uncontrollable, it may be the time to think about a debt management solution to address the issue.

To check if you qualify, get a free online debt assessment now, click here.

What is an IVA, and how does it work?

An IVA is a formal arrangement agreed in a court of law to pay back a pre-agreed amount of debt to your creditors over a fixed period.

The services of an Insolvency Practitioner are mandatory to put an IVA in place who will put together a Statement of Affairs which includes monthly income, assets, and liabilities. A proposal is then put forward to creditors to offer to pay back a reduced amount of debt which can see as much as 80% of the outstanding amount written off.

To check if you qualify, get a free online debt assessment now, click here.

As A Mum Is An IVA Appropriate For Your Situation?

An Individual Voluntary Arrangement may not be relevant for your situation, and either a free debt service such as CAB or the National Debt Service, or an insolvency practitioner will be able to provide guidance.

Generally, there are four essential criteria to meet to qualify for an IVA:

  • After you have paid all your bills and living expenses, an Insolvency Practitioner will insist that there must be at least £50 of surplus income available to make a monthly IVA payment.
  • You need to have outstanding debt to at least two different lenders to put in place an Individual Voluntary Arrangement.
  • An IVA can set up with debts as little as £7,000. Due to the fees associated with an IVA, however, to make it a cost-effective solution it is not recommended to set up an IVA for less than £10,000

An IVA is a solution if you are unable to pay back your unsecured debt in a time frame that is not deemed acceptable.

To check if you qualify, get a free online debt assessment now, click here.