The Single Parent Action Network (SPAN) and Faithnetsouthwest have come together in a new unique partnership to develop preventative work for avoiding debt and financial crisis in families on low income. This includes:
o improving understanding of the triggers that cause financial crises
o how these triggers can be avoided
o services and products that can help in this process
The One Space ‘Money Survival Kit’ provides a range of money saving solutions which single parents can access at a time and place which is convenient for them. The online resources include 1-2-1 finance and debt advice via email as well as solution-based case studies that reflect real life experiences.
Debt at this time of year can spiral out of control, especially through door stop lenders and high bank charges. This can have a knock-on effect, leading to not paying the rent or council tax - building up arrears and then potentially facing the bailiffs. Another significant trigger point for debt is separation and divorce. There is so much to deal with – applying for benefits/tax credits; maintenance issues/ mortgage and housing issues. The officialdom and complexity of it all means that problems can build up making it harder to address, especially when there is also the emotional pressure and depression.
For more information visit www.onespace.org.uk and click on ‘Money Survival Kit’
Link: http://www.onespace.org.uk
posted by: Anonymous
Date: 12-01-2010