Government U-Turn on Citizens Advice Bureau Debt Advisor Funding

On February 13, 2011, in News, by Lewis Alexander
  • free credit report UK from ExperianThey say a week is a long time in politics!
  • Indeed around 500 debt advisors employed by the Citizens Advice Bureau would certainly vouch for that statement!

This time last week, the government announced that the £25million a year Financial Inclusion Fund was not due to be extended beyond March – one of the many cutbacks seen by the coalition to balance the nation’s finances.

However, this week has seen the Business Secretary Vince Cable announce that £27million has now been found to maintain this programme during 2011.  Not only does this service allow the average Briton access to valuable free debt advice, it also ensures that around 500 employees have been saved from the ever expanding dole queues of the Job Centre.

At a cost of around £54,000 per employee, this may be seen as quite a hefty price to pay, but it is the money that these employees will save the government that is most likely to have changed the minds of continuing the Financial Inclusion Fund from within Westminster.

This blog reported last week that the BBC had estimated there would be circa 200,000 new requests for debt advice during 2011, which represents around 400 extra cases for these debt advisors to manage.

With the government keen to keep a lid on spiralling welfare costs, if each debt advisor is able to help just seven of these 400 people stay away from the unemployment queues (as a result of their financial mismanagement) then they are likely to justify their existence.

Speaking on Radio 4’s PM Programme in 2009, Professor Paul Gregg (Economics Department and CMPO) suggested that unemployment costs the government approximately £8,000 per head.  So it is easy to see why the extension of the Financial Inclusion Fund has been put on the priority list.  It is fair to expect that each debt advisor can easily exceed this target and in the meantime, political noise is avoided.  Perhaps common sense can still win the day!

Mr Cable did however request other backers to support the Financial Inclusion Fund moving forward.  If ever there was the chance for one of the UK’s major banks to win some much needed publicity, then surely supporting this scheme makes for both a great PR exercise and provides a reasonable bargaining chip for the next time The Treasury wish to increase taxes on Banks.

As this blog did mention last week, with the sheer volume of cases that Citizens Advice lend support to, it can be difficult to always provide speedy responses to those in the most difficult and vulnerable of circumstances.

It is for this reason that at Lewis Alexander we offer a financial healthcheck.  Our lines are open 24 hours a day when calling our freephone number 0800 018 6868.

We are always happy to speak to new potential clients to see if we are able to help them with their financial difficulties and believe this is a service that can supplement the offering from Citizens Advice.

As a company, Lewis Alexander has offered free debt advice since incorporation in 2003, it is only when clients take our ongoing help and select services such as a debt management plan that we start to charge for our help and assistance.

Many of our clients say that they have approached the CAB and often have started to complete financial overview statements or budgeting forms that CAB’s advisors have provided.   This is a great first step in starting a journey towards a controlled and managed financial future as it allows you to truly understand your personal circumstances and allows us to take quicker action in speaking to your creditors should you want us to offer a solution that would work for you.

As an established provider of debt management services, we think it is important to consider your personal circumstances before providing our advice on the solution best suited to your situation.  Being in debt is very stressful and it is for this reason that we consider details of all of your options before highlighting the best option, to help you understand the best way out of your personal debt problems.

Our specialist advisors provide high levels of client service and treat your case in the strictest of confidence.

So remember, Citizens Advice is a great start to finding solutions to your debt problems, but if you wish to relieve our government of any costs you can and think you can afford a personal case manager for approximately £1 per day to work on your behalf urgently then contact Lewis Alexander today.

Our free from a landline personal debt helpline number again is 0800 018 6868.

Tagged with:  
Find us on Google+

Reduction in Debt Advisors at Citizens Advice Bureau

On February 7, 2011, in News, by Lewis Alexander
  • free credit report UK from ExperianThe government announced last week that the Financial Inclusion Fund will not have its £25million a year subsidy extended beyond March.
  • This could result in many debt advisors at Citizens Advice Bureaus across the country being issued with redundancy notices as local councils seek to reduce costs.

To avoid a bottleneck of debt cases building up, CAB has also responded by starting to turn away certain new debt cases, just as economic commentators forecast that consumers with debt problems would start to rise in the UK during 2011.

  • So what does this actually mean for the ordinary man or woman in Britain?
  • Well, not a lot if your finances are in order and you are good with google, so one could avoid needing the CABs advice on money matters.

If however your financial situation leaves little to be desired and the recent hike in food costs, fuel, VAT and general every day expenses are pushing you ever closer to financial Armageddon, then it may be you who is most affected by the closure of the Financial Inclusion Fund.

A BBC report last week quoted that 200,000 extra requests for free debt advice were expected in 2011, so with these additional cases and fewer debt advisors to go round, it may be significantly harder for people to get in touch with someone at a CAB office to help you with your debt problems.

Whilst Citizens Advice offer a free service, with the sheer volume of cases that their advisors attend to, it was already hard to provide a speedy resolution to those with the most acute debt problems.  Whilst the government may replace the Financial Inclusion Fund with a new web and telephone based service, there is no substitute for having a professional case manager to speak to regarding your personal circumstances.

  • At Lewis Alexander, we offer a free from a landline personal debt helpline, where you can speak to one of our trained debt advisors.

Our number is 0800 018 6868 and we are always happy to speak to new potential clients to see if we are able to help them with their financial difficulties.

Once we have taken your case we will appoint a case manager who will be your personal point of contact.  Your case manager will look after your debt portfolio and will work with your creditors to progress you towards a better managed financial existence.

As a long established debt management company we take pride in ensuring our staff offer a level of client service that is second to none.  We are also very proud of the results we obtain when negotiating with creditors on our existing clients behalf.

Being in debt can add to what is already a stressful modern lifestyle and is something that with a little bit of help and some good old-fashioned discipline can be managed, to lead you into a managed future.

At Lewis Alexander, we are able to help a wide variety of clients out of their debt problems as long as they have a regular income and a determination to meet a regular monthly or weekly payment.

So if you are struggling to contact your local Citizens Advice Bureau regarding UK debt advice or would like to hear the debt solutions that Lewis Alexander could offer you based on your current circumstances then give us a call on 0800 018 6868.

  • Our lines are open 24 hours a day, 7 days a week!
Find us on Google+
Find us on Google+