The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
This is MoneySome bought a much-needed new car or carried out urgent home repairs,This is MoneySince the U-turn, Money Mail has exposed the impact of this betrayal on pensioners through our Unlock Our Pensions campaign. Today, we can reveal the serious ... They also took out a £10,000 personal loan to help tide them over. The plan was to clear ...
This is MoneyBanks hike cost of 10-year mortgages after price of funding them almost doubles in three monthsThis is MoneyBanks are increasing ten-year mortgage deal costs after the price of funding them almost doubled in three months. The average ten-year fixed rate is now 3.2 per cent, up from 3.12 per cent in October. On a typical £150,000 loan, this would increase ...
This is MoneyTesco Bank credit card customers hit by shock interest charges on their Christmas shoppingThis is MoneyTesco Bank credit card customers are being stung by shock interest charges on their Christmas shopping. In October, the bank told customers they'd receive an interest payment holiday until March on purchases made in Tesco stores between November 1 ...
This is MoneyASK TONY: Thomson left us high and dry after we paid £2k for a cruise – and they didn't book itThis is MoneyThomson Travel heard no more from you, and the cruise operator was chasing the money so they tried to phone you. A lady answered your ... My main worry is that HMRC staff will have access to our personal details, bank accounts, passwords and more. How ...
UK inflation rises to 1.6%Interactive InvestorTom Stevenson, investment director for personal investing at Fidelity International, says: "Inflation is back with a vengeance. The weakening pound continues to drive prices higher and today's CPI reading of 1.6% on the back of rising fuel, food and ...and more »
Have you met...
Latest Members:


marwa


ledonegm


jordanss123


nona


BrynjarEindride


shilladresses


jadegown

 

General News

Email this story to a friend:

DEBT ADVICE PILOT PROJECT GOES LIVE ACROSS THE UK

Currently, demand for debt advice outstrips capacity and advisers are seeing more clients who are able to work on resolving their own debt problems.20-01-2010

National debt advice charity the Money Advice Trust is working in partnership with lenders, the debt collection industry and the advice sector to develop a streamlined, self-help debt advice service to increase the availability of debt advice. This initiative is being funded by The Department for Business Innovation & Skills.
 
Joanna Elson of the Money Advice Trust has stated “The CASHflow, self-help route will enable people in financial difficulty to ‘self-help’ and will free up advisers’ time to work with clients who require on going face-to-face support. This week, the pilot project goes live in 24 advice agencies across England, Wales, Scotland and Northern Ireland, which we expect will help many more people with unmanageable debt going forward”.
 
Kevin Brennan MP, Minister for Consumer Affairs welcomed the initiative saying: “The Government is determined to put consumers back in the driving seat of their finances. CASHflow is an important project giving people who are having difficulty dealing with their debts access to a streamlined web-based, phone and face-to-face advice service to help them to help themselves."
 
CASHflow is an assisted self-help debt advice resource, which will support clients to make repayment offers directly to their creditors, with assistance from a third-party money advice agency.  
Important features of CASHflow include;
 
•         Use of a logo that will be easily recognised by both lenders/creditors and clients to provide reassurance that the advice provided is independent and that clients have received holistic money advice.
•         Consistent working practices and standards of advice across all CASHflow advice providers.
•         An agreement from lenders/creditors to treat offers made by people using CASHflow in the same way as those made by third party debt advice agencies.
•         Development of a streamlined advice process which should free up advisers’ time to deal with other clients whose debt problems are not easily addressed through the assisted self-help route.           
 

If you think CASHflow could help you ask at your local advice agency such as the Citizens Advice Bureau. 

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks