Friday, April 1, 2011

Continuing debt after the Government changes their mind

After last week story about the Government's plans to stop funding for hundreds of specialist debt Advisor it seems that you have changed your mind after 27 million British Pfund found '.


For the last five years £ 27 m a year paid financial inclusion Fund for approximately 500 professionals in England and Wales, to give free advice. Last month, the Government said new cases it would off the funds axe and consultants.


Funding for the consultants who annually help 100,000 people with complex cases, expected to run out in March.


The decision not to renew some express fears that might seem a gap led the Fund in providing help sick or vulnerable people into over-indebtedness.


There are still free advice on several facilities, including citizens advice are available this specialist advisers to deal with complex cases and clients to your lenders represent trained.


Debt consultants, citizens advice offices and community halls around England and Wales work out had already sent redundancy letters and was told with each new customer, except to stop such with the simplest problems.


Now the Department for business has said it found has the money from a contingency fund, advising to keep for another year. The business Secretary Vince cable however said that next year, the Government then elsewhere for help in financing advisory services, such as the debt Advisor would care.


While the Government has maintained funding for the programme, it offers only a small portion of the revenue to keep necessary citizens advice on water. This is an opportunity for continued funding streams, e.g. by local authorities to help, what support do you offer can go in the long term to keep this service.


The consumer credit counselling service (CCCS) welcomes the postponement in the midst of "current uncertainties about availability of face to face debt advice". This free advice in one place, where on the fee boot sector to take you to the most recent Office of fair trading review purpose may be inappropriate.


The challenge now is for debt charities together with local authorities to free debt advice, face to face, by phone and online, provide for those who need it.


The next few years will probably very difficult for many people because of stagnant household budgets and rising costs, but in view of the CCCS capacity on its helpline and online debt counselling, no need for anyone to pay debt advice.