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I’m in debt and facing redundancy. What do I do next?

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Earlier this month Littlewoods’ owner, Shop Direct, announced plans to close multiple sites. We’ve also seen similar announcements from Debenhams, New Look, Homebase, Toys R Us and the ‘big four’ supermarkets – Tesco, Asda, Morrisons and Sainsbury’s, to name a few – in recent months.

The impact of Britain’s declining high street could see thousands of jobs and families affected.

For most people, the thought of redundancy and managing on a reduced income is a worrying one. But, if you’re already having money troubles and now you’re facing redundancy, you might see your self-esteem drop, feel isolated or struggle to keep a positive attitude.

We know it’s easy to say, but redundancy isn’t your fault, and you’re not alone. What should you do if you’re in debt and facing redundancy?

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