Thousands of people across the UK are to be offered access to free debt advice and advice around money budgeting at food banks run by the Trussell Trust.
The Trussell Trust recently announced that 30 of its 420 food banks nationwide would offer debt advice from 2016. This service is being funded by a donation of £500,000.00 from Martin Lewis, the founder of MoneySavingExpert.
The method will be for the person to attend at the food bank to get on the spot financial assessment on site at the time they go to collect supplies. If there is money advice required then they will be referred to groups such as Citizen’s Advice Bureau (CAB) or the debt charity Step Change.
It is not the first time money and debt advice has been provided at food banks. There was a pilot programme at 8 Food Banks across the country earlier this year. Those assessed as being in most need of financial help were offered same day access to specialist advisors.
It is hoped that the advice will assist some of the most vulnerable people attending food banks. People already struggling with housing payment and then faced with redundancy or illness may quickly find they can no longer afford their repayments. Any additional credit card bills or loan repayments may also be difficult to meet. The advisors hope to be able to tackle their finances and turn their lives around.