Hundreds of Government-funded debt consultants have ceased to new cases because their funding is stopped next month.
For the last five years £ 25 m a year paid financial inclusion Fund for approximately 500 professionals in England and Wales, to give free advice. But the cash is expected in March to run out and the Government has said that it not renew is the Fund.
The message means that consultant to the private sector go exactly at the right time, demand for your advice is forecast to grow. Debt consultants were affected letters for sent redundancy and was told with each new customer, except to stop such with the simplest problems.
The money advice trust, a charity that promotes independent help for people with debt problems, forecasts, 200,000 extra free debt advice requests in this 1.6 million take year total to a record.
This story from the "impartial" BBC as a terrible tragedy is reported, if you believe that the answer to every problem, wild throw taxpayers hoping it it will go away.
An example of the hype and exaggerated claims is this a funded by a government debt Advisor: "not only I will lose my job, but the service is going to go, the service that sees thousands queuing coming days, weeks in advance booked appointments booked and that lost everything."
Well, not none will be ' all,' actually, but your place on the public debt lost funded gravy train. What a shame. Let me give the website to access.
The Ministry of finance which is the competent Ministry, is to set up a new Web and phone based service of able would be referring cases to specialist. This is to ensure that individuals can financial facing difficulty receive advice early rather than wait, until your problems solve much harder.
There are problems with the approach of the Government, primary is the scope for profit debt management companies make use of the vulnerable populations. The Office of fair trading (OFT) has too many such companies employ step.
It is also free advice from several institutions, including citizens advice. The specialized consultants trained to with complex cases deal and clients represented to your creditors are expected to advise to work to change the citizens or the new Government service.
Debt advice and consulting is a very important issue, especially in these tough economic times. No matter how much hard-left in the BBC want to the role of Government is to protect of consumers from unscrupulous advisors, advise not directly themselves.
It is exactly this kind of micro-managed, financially incontinent Patronisation that have us in this situation. The Treasury Department shall ensure that the new service is effective and efficient; It must not waste to hold money as the former Government.