News

What Happens When You Seek Advice from an EMMA Partner Organisation

Posted on by Matthew

Finding Us

The East Midlands Money Advice Partnership is a network of organisations offering free, impartial and expert advice to people who need it. We’re funded by the Money Advice Service, which means the advice we give is of a high quality.

You can normally contact our partners by phone, at their offices or online. There are EMMA partner organisations across the East Midlands, covering Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire and Rutland. You can find a service in your area and how to contact them here or have a look at our interactive map.

Continue reading →

Posted in Debt Advice | Comments Off on What Happens When You Seek Advice from an EMMA Partner Organisation

Use of Bailiffs to Collect Council Tax Debts

Posted on by Matthew

The use of bailiffs by councils has grown by 14% in 2 years. This is according to new research by the Money Advice Trust.

The report finds that £2.3m of debts was passed to bailiffs by councils in 2016/17, however there was a mixed picture, with 4 in 10 councils using bailiffs less.

This increase in the use of bailiffs is despite government guidance which says bailiff action should only be used as a last resort. The Money Advice Trust does, however, state that “an increasing number of councils are working hard to improve their debt collection practices – and that four in 10 (38 percent) actually reduced their reliance on bailiffs in that time”.

The Money Advice Trust is the charity which runs National Debtline. MAT have release the research on a new online map – https://www.stoptheknock.org/– as well as six steps local authorities should take to improve their practices.

There is information on how to deal with bailiffs on the National Debtline website – https://www.nationaldebtline.org/EW/information/bailiff-action/Pages/default.aspx.

 

Posted in Latest News | Comments Off on Use of Bailiffs to Collect Council Tax Debts

Evaluating the outcomes from debt advice

Posted on by Matthew

This week the Money Advice Service (MAS), released a report evaluating the outcomes from debt advice. MAS is responsible for improving and coordinating the standard of UK debt advice and is also a major funder of free-to-client debt advice (MAS provides the funding for EMMA partners to deliver debt advice).

The report, entitled “2016 outcome evaluation of debt advice funded by Money Advice Service”, described clients’ experiences and assesses their outcomes 3 to 6 months after receiving free advice. It uses information from a survey of people who received advice between July 2015 and Jun 2016 – clients were interviewed between 3 and 6 months after their cases were closed.

You can access the report on the MAS website, but here are some of the key points:

The research found that there was a range of client experiences. Although very few clients didn’t benefit at all from the advice, it is true that not all clients feel that they had positive benefits across all of the outcomes measured. Clients being satisfied seems to be a critical factor in how well actions are progressed.

If you’re worried about debts and money problems, seek free debt advice as soon as you can.

The EMMA partnership is a network of agencies funded by the Money Advice Service to provide confidential, impartial and free debt advice to people who need it in Derbyshire, Leicestershire, Lincolnshire, Northamptonshire and Nottinghamshire.

Find out where your nearest EMMA organisation is using our online map.

You can also find information and support on the Money Advice Service website.

Posted in Latest News | Comments Off on Evaluating the outcomes from debt advice

Over-Indebtedness in the UK

Posted on by Matthew

The Money Advice Service (MAS) and CACI have released figures on the rate of over Over-Indebtedness in the UK.

MAS reports that 15.9% of the population are over-indebted, which accounts for more than 8.26m people in the United Kingdom. This in an increase from the figures released in 2016, which showed 15.4% of people living with problem debt. The levels of over-indebtedness in different parts of the UK range from Dorset, where 9.7% of adults are over-indebted, to Newham (London) and Tower Hamlets (London) where the same figure is 22.7%.

The East Midlands Region has over 600,000 over-indebted adults, which equates to 16.2% of the adult population. Nottingham was the Local Authority area with the highest proportion of over-indebted people in the region (21.9%), followed by Leicester (21.0%) and Lincoln (20.0%). The areas with the lowest proportion of the population who are over-indebted were Rushcliffe (11.9%), the Derbyshire Dales (12.0%) and Harborough (12.2%).

The is taken from online survey data with over 20,00 respondents, conducted by YouGov and Research Now in July 2017. Over-indebted individuals are defined in the report as those who are likely to find it a heavy burden to meet monthly bills and/or those who have missed more than 2 bill payments within a 6 month period.

You can access the report on the MAS website here.

The East Midlands Money Advice Partnership is a network of organisations funded by the Money Advice Service to provide free money advice to people in the East Midlands. To find an EMMA partner working in your area, have a look at our handy online map here.

Posted in Latest News | Comments Off on Over-Indebtedness in the UK

High Cost Credit Problems in Chesterfield

Posted on by Matthew

Citizens Advice Chesterfield have produced a report into high cost credit in Chesterfield.

There is not a universal definition for high cost credit but this could be described as credit with one or more of the following: significantly high interest rates, high overall cost, large regular repayment terms. This could include short term credit (including payday loans), home-collected credit, catalogue credit, some rent-to-own, pawn-broking, guarantor and logbook loans.

Citizens Advice Chesterfield identified a number of trends:

The people who Citizens Advice Chesterfield help with these issues are likely to be significantly more disadvantaged than the people of the Borough overall, the profile of people who use Citizens Advice Chesterfield & the profile of people seeking their help with all debt problems.

The findings of the report were that:

The report, published in July 2017, is available to download HERE.

 

Posted in Latest News | Comments Off on High Cost Credit Problems in Chesterfield

A Picture of Over-Indebtedness

Posted on by Matthew

In March 2016, The Money Advice Service and CACI released a research document – A Picture of Over-Indebtedness.

The report tries to understand over-indebtedness across the UK and identifies some key factors linked with over-indebtedness. Someone is considered over-indebted if they find keeping up with bills and credit commitments a heavy burden, or if they have fallen behind or missed payment in 3 or more of the past 6 months.

According to the Money Advice Service and CACI, one in six individuals in the UK are over-indebted, which is about 8.2 million people. In the East Midlands, 16.2% of people are over-indebted, which is similar to the UK average. Nottingham is identified as the part of the East Midlands with the highest percentage of over-indebted people.

Some key factors identified as being linked to over-indebtedness were:

The report notes that these factors are linked to over-indebtedness, but don’t necessary cause it.

You can access the report on the Money Advice Service Website:

https://masassets.blob.core.windows.net/cms/files/000/000/347/original/MAS_…

Posted in Latest News | Comments Off on A Picture of Over-Indebtedness

Money Advice Service Consultation on Commissioning Debt Advice Services

Posted on by Matthew

Existing agreements for delivering debt advice across England and Wales come to an end in March 2018. In the consultation document MAS has identified six commissioning intentions for advice services over the next five years:

  1. Identify and target priority groups within the over-indebted population
  2. Deliver debt advice and money guidance services in a blended fashion, in line with needs
  3. Develop a clear view of the client from access through to outcome
  4. Establish a clear workforce strategy for MAS funded advisers
  5. Embed crisis debt advice within a network of holistic support
  6. Build services that make the best possible use of existing and emerging technologies

 

MAS hopes that the consultation will get responses from a range of different people and organisations to help shape the Commissioning intentions set out above, which will be important in future commissioning decisions by MAS (and later the Single Financial Guidance Body, which will replace MAS in this role in late 2018).

If you would like to respond to the consultation – the document can be found here.

https://www.moneyadviceservice.org.uk/en/corporate/a-strategic-approach-to-commissioning-debt-advice-2018-2023

Posted in Latest News | Comments Off on Money Advice Service Consultation on Commissioning Debt Advice Services

New Website Launched!

Posted on by Matthew

We are pleased to announce the launch of a new website for the East Midlands Money Advice Partnership.

The Website will be a great way to share information and help people to access the debt advice that they need. Including links to online tools, the site includes a directory of our partners, so you can easily find your local service.

The East Midlands Money Advice Partnership is a network of providers who receive funding from the Money Advice Service (MAS) to provide debt support to people who need it in the region.

If you’re struggling with debt problems – one of our partners will be able to assess your situation to help you to access the most appropriate type of help. This may mean one or more of the below:

To find your local subject please see our map of partner organisations

Posted in Latest News | Comments Off on New Website Launched!