Credit Action Projects
In addition to our core work, Credit Action runs projects mainly
targeting good money management amongst groups considered particularly
vulnerable to debt or financial poverty such as prisoners, students and
single parents.
To find out how you can get involved in any of these projects or for
more information, contact Credit Action on 0207 380 3390, or at office@creditaction.org.uk.
48% of prisoners have a history of debt and 60% are financially excluded (do not have access to mainstream financial products such as bank accounts).
Money issues have been identified by the National Offender Management Service as one of the causes of re-offending and therefore access to advice and money education training are important services.
In September 2008 Credit Action made 10,000 Polish 'Thinking About Money' guides available for organisations and individuals throughout the UK thanks to funding that covered translation, printing, design and distribution from International Personal Finance and the Leeds Community Foundation.
Through this project, Credit Action aims to bring straightforward budgeting tips and signposting to free money advice to marginalised groups through use of eye-catching postcards and posters.
In summer 2007, the Big Issue Foundation initiated a financial inclusion project to help Big Issue sellers to manage their money effectively. The project recognises the difficulties that those who are homeless face in accessing financial services and managing money on low and irregular incomes.
The average student now leaves university with £12,363 of debts and money worries are a key reason for many of those who drop out of university.
Good money management can help canny students to cut their costs, make sure they are receiving all they are entitled to and keep their debts to a minimum.
The cost of raising a child is currently estimated to be £23.50 per day.
For single parents, 42% of whom are on an income of less than £200 per week, managing money effectively is essential.
Moneybasics is our long-term partnership with GE Money.
Through this partnership, we run an additional website www.moneybasics.co.uk giving help and advice on different aspects of managing money.
Better thinking about money for 16-19s.
Today many school leavers are ill equipped to manage their money in adult life because they have not been taught even the basics about budgeting, bank accounts and credit whilst at school. That is why Credit Action believes it is vital to improve the provision of money education for young people.
In this incredibly volatile
economic climate the need for money and debt advice is greater than ever and
the demand for such has significantly increased over the past few years.
However Credit Action believes that more needs to be done to raise awareness of
where people can access free and
independent face-to-face advice to help them through this difficult time.
DebtCred recently became a ring-fenced project within Credit Action having previously been our partner organisation.
DebtCred provides a range of materials and resources to help support
secondary school teachers and educators in the delivery of money
education in schools. All of the project’s information can be accessed
at www.debtcred.org.uk.
