Wiltshire and Swindon Credit Union to host debt advice training to help the financially vulnerable
29 Mar 19
Wiltshire and Swindon Credit Union (WASCU) are hosting an open training day in partnership with MTC Training, to help the most financially vulnerable avoid falling into a dangerous spiral of debt.
The credit union’s services have become an important safety net in the community since emergency schemes that give cash to people in crises have seen funding slashed across Swindon and Wiltshire. Figures released by the charity, Church Action on Poverty state that spending on emergency grants have been cut by as much as 93% since 2013.
Swindon Borough Council's Cabinet Member for Finance, Cllr Russell Holland, has stated the council are helping people who find themselves in financial difficulty and said: "We are also active in helping residents join credit unions and warning against the dangers of applying to loan sharks and payday lenders".
The fear amongst Development Director of WASCU, Fiona Cox is that people will fall into “an awful cycle of debt” as they may turn to payday loans or loan sharks to access emergency funds. Fiona added that “it’s those vulnerable people in the community that have the least who are very often paying very much more than their credit”.
MTC Training provide free courses to help the unemployed back to work by offering valuable qualifications in functional skills such as GCSE English and Maths. They will work with helping people to learn skills and avoid falling into a dangerous spiral of debt.
Fiona continued: "We are trying to open up our services and reach more people in helping them achieve a better life and a brighter future. This open day is one step forward to providing more access to free qualifications which in turn improves financial security.
“Anything we can do to help people get their finances back under control really helps then feel about their lives”.
The open day, entitled Build Your Future, is on Thursday, April 4 at the WASCU offices, George Hall Court, Cavendish Square, from 10.00 am to 14.00 pm.
Source – Swindon Advertiser