Debt - Free debt advice - 04/07/2008

The government is to provide more funding to enable free debt advice for the citizens of Northern Ireland, it was announced this week.

The amount of funding for the Citizens Advice Bureau is to be doubled so that consumers can get free face to face guidance for nothing. With the number of people struggling to cope with debt and the after effects of the credit crunch, Arlene Foster, the Economy Minister, announced that funding would be doubled to £800,000 for two years starting in April 2009.

It was also announced that a further £200,000 would be made available to fund telephone debt help lines, a service which is already well established in the rest of the UK.
Arlene Foster remarked: "The credit boom has given way to the credit crunch and can only increase the demands on a consumer debt advice service. The additional resources now being made available will increase the capacity of the sector to deal with the ongoing problem of over-indebtedness in our society".

Bookmark with:
  print Print Preview   email E-mail to a friend
 
Comments
Not comments have been posted yet.
 
Do you have something to say? (maximum comment length of 250 characters)

Post your comment
 
 
 
Related News
  22/09/2009 - Brits paying for debt advice. Brits paying for debt advice could be placing themselves in a deeper financial black...
04/08/2009 - Concerns on debt keeping people quiet. A recent study has revealed that 43 per cent of people in debt are...
30/07/2009 - Banks respond to debt accusation. Tempers are flying at the moment in Ireland, with consumers accusing the banks of...
 
Related Guides
  Bankruptcy. A guide to Bankruptcy Bankruptcy How to deal with bankruptcy Definition of terms (BRO,...
Debt Management. A guide to Debt Help with Debt Problems Consolidating Debt Individual Voluntary Agreement (IVA)...
Individual Voluntary Agreement (IVA). A guide to Debt Help with Debt Problems Consolidating Debt Individual Voluntary Agreement (IVA)...
 
Related Articles
  Debt Help — a Great Solution to Deal with Your Debt Problems. Debt is a major problem for a lot of people in the UK these...
False advice on debt solution. Debt has been a significant problem for the economy and even more so since...
How debt can ruin families. Unfortunately, debt is now part of most peoples everyday life, so much so that...

Debt News
29/12/2009 - Consumers paying card debt, say UK banks. U.K. banks reported recently that they increased lending to...
Read More
22/12/2009 - Teenagers in fear of parents' debt. Teenagers in the UK are currently a debt-fearful lot,...
Read More
15/12/2009 - U.K. housing market recovery to stall in 2010. A property firm has revealed that the U.K. housing...
Read More
09/12/2009 - Debt under the covers. It has been revealed that a shop which mistakenly...
Read More
More News >>