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|MAS comment on improving the financial health of low income groups|
|Wednesday, 26 October 2016|
Colin Kinloch, Debt Advice Strategy Manager for the Money Advice Service comments on improving the financial health of low income groups: “Money Advice Service research confirms that tenants and those with incomes under £10,000 are some of the groups most likely to be over-indebted. We know from evaluation of our funded debt advice projects that after getting advice people go on to reduce or clear at least some of their debts within three to six months. High quality, free debt advice is available face-to-face, over the phone and online across the country and can be found through our debt advice locator tool.
“We encourage employers and large private landlords to publicise this as widely as possible, while being mindful that many people may not realise they are in debt until it becomes a crisis. This means being sensitive and emphasising that advice is non-judgemental is important. We are always happy to provide support to organisations who want to refer those they work with to debt advice.”
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