Help is on hand if you’re struggling with debt problems as following an injection of funding the Money Advice Service is set to help almost 60,000 more people with free debt advice in England and Wales this year.
It expects some 220,000 people to get help through the Service’s debt advice partners in the year to March 2015, advice which will be provided both face-to-face and over the phone.
This new money will be aimed at parts of England and Wales in greatest need, from Cornwall to Northumberland, from Kent to Lancashire, and from Norfolk to Bridgend.
On a positive note, over the last year, 88% of people took action to manage their debts after receiving debt advice from the Service’s partners.
Lesley Robinson, UK Debt Advice Director at the Money Advice Service, comments: “High quality debt advice is hugely effective in helping people get their finances back under control.
‘Debt advice improves the well-being of people who are struggling with their finances, it helps creditors get repaid and it means that people can move on with their lives.”
Gillian Guy, Chief Executive of Citizens Advice, adds: “Good advice is key to people taking control of their debt problems. As families across England and Wales continue to struggle to make ends meet, many people are finding themselves caught in a debt trap.
‘Talking through money problems with a debt adviser can make all the difference, and this new funding from the Money Advice Service means more people can get the help they need, when they need it. It is really important that people seek help sooner, rather than later, as this will stop their money worries getting any worse.”
Diane Ray, MoneyHighStreet.com comments: “It’s very welcome news that more people struggling with debt will have access to free advice. As both Lesley and Gillian point out, good, high quality debt advise it key to helping people who are having trouble with debt.
‘Recognising and admitting you have a debt problem in the first place is not always easy. Many feel they cannot admit to anyone else, even their partners in some cases.
If you are having difficulties, remember you are not alone, that there are many in your same situation and there are highly trained people available to help. The sooner you take action the better.”