Presentation for fin cap forums2

Stephen Dobson

Financial & Digital Inclusion Champion

Financial Inclusion through Digital Inclusion

Creating a Financial Support Information Website and Financial Capability Hub

Information Site/Financial Capability Hub

Citizens Advice Bureau

Wales Illegal Money

Lending Unit

Consumer Credit

Counselling Service

Money Saving Expert

Which?

Money Advice Service

Stop Loan Sharks

Facebook Page

Loan Comparison

Sites

Credit Unions

National Debt Line

Debt Advice Charities

U Switch

DebtAdvice

FinancialCapabilitySavings Loans

Managing on a Budget, Financial Health Check, Getting the Best Deal.

Get into the habit of saving for a rainy day or building up a nest egg for that special event.

Where is the best place for a small, short term loan that won’t get you into debt?

Struggling with debt, where is the best place to go for free, impartial advice?

A range of useful information and tools including a budget planner, credit card planner, cut-back calculator, loan calculator, savings calculator and health check.

Free advice and support on a range of issues including benefits, debt & money, consumer problems and tax. Search facility to find your local Citizens Advice Bureau.

Free and impartial service to compare and switch home energy suppliers online, financial comparisons and recommendations, and a ‘best rate savings’ comparison tool.

Financial Capability

Savings & Loans

Information on Credit Unions and the services they offer with links to further Credit Union pages on the site showing loan comparisons and location of Credit Unions covering all areas of Wales.

Links to loan comparison sites for those who wish to see for themselves what the cost of a loan is likely to be through a range of lenders.

WIMLUInformation on the work of the Wales Illegal Money Lending Unit with links to case studies, campaigns and newsfeeds highlighting successes. Contact details for reporting loan sharks.

Wonga Loan

Free anonymous debt advice and a range of support including ‘Debt Remedy’ debt advice tool, debt counselling, debt solutions and links to other useful sites.

Self-help packs, factsheets, debt options, personal budget sheet and sample letters to write to creditors. Online debt advice and money management service on ‘my money steps’, with video explaining how to use the service.

Budget planner, guide to money management, benefit entitlement checker, expenditure minimiser, credit score checker and debt analyser.

Debt counselling charity offering support with budgeting, money management and insolvency options for those in severe debt.

Debt Advice

Best deal credit card, banking, insurance, utility and mortgage comparisons. Tax calculator, information on claims, shopping deals and discount vouchers.

Comparison site for utilities, telephone & broadband, mobiles, credit cards, loans and insurance.

Links to social media such as the ‘Stop Loan Sharks’ Facebook page, highlighting case studies, campaigns', blogs, newsfeeds and everything else that is going on in the sector.

Other Services

Financial Capability Hub

Resources Case Studies Newsfeed

InformationSharing WebinarsQ & A

ResourcesPublications Training MaterialsVideos

Case StudiesGETTING OUT OF DEBT SUSAN’S STORY

"Debt is like any other trap, easy enough to get into, but hard enough to get out of...."

“As a single parent with three children, I was working full time trying to keep things afloat, but I was gradually getting more and more into debt. I was diagnosed with depression and the debts were making it worse. Last June I woke up one morning and didn’t want to get out of bed." "I’d had enough of life. I wanted the light to go out. My life made no sense and I had no purpose." "Then a friend told me about XXXXXXX and how they might be able to help me. A few days later, I made the call and spoke to a debt advisor. Everything changed after he came to my house. He released me from so much pressure. He did not judge or make me feel bad because I was in debt. " "My debt advisor didn’t flinch when he saw all my bills, he just said, ‘Don’t worry, we can handle it’. This came at just the right time as I had just lost my job. My debt advisor worked out a budget on my reduced income. It was so reassuring to know that, by sticking to my budget and paying into my XXXXXXX Account, all my bills and debts would be taken care of. " "My life is so different now. It’s so much calmer and less stressful."

Newsfeed

Information SharingBlogs Events

Information SharingTraining Opportunities Newsletters/Updates

Q & A

Q. Will people still be able to access Growth Fund loans after Financial Inclusion funding ends on 31 March 2011

A. Funding of up to £73 million has been announced for the modernisation and expansion of third sector organisations and their services. The previous financial inclusion Growth Fund will end on 31 March 2011 as planned. We are replacing this with a new credit union modernisation and expansion fund, which will be used to extend contracts with credit unions and other community finance providers for six months from April 2011 whilst the feasibility of further credit union modernisation and expansion is tested.

FAQ

Questions Forum

Webinars

• Cost effective method to disseminate information

• Extend the life and reach of content with on-demand versions

• Deliver live, replay or on-demand events

• Demonstrate ‘Best Practice’

• Reduce the cost of physical events

• Increase geographical coverage

• Generate increased attendance at event with online audience

• Deliver additional content to online attendees’

• Create event experiences online

• Remove costs of physical events

• Deliver additional content to online attendees

• Allow audience to participate live or on-demand

• Deliver informal or formal training online

• Increase the ROI of training and help to reduce cost

• Ensure compliance and minimise risk

• Track attendance and interaction of audiences

• Integrate content into corporate learning management systems

• Group media and presentations together to drive greater viewings

• Make access simpler with single sign on

• Enhance website functionality with embedded video channels

• Reduce cost on website updates and media management

Other aspects of the Project include:

• Promoting Financial Inclusion through Digital Inclusion Projects/Initiatives

• Supporting the Development of a Credit Union Website Template

Any Questions?