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We
provide tailored money and debt advice services which help social housing
landlords to give their residents access to the expert help they need
to make their money and debt problems manageable. This in turn assists
landlords with reduced arrears and income collections costs as well as
improving tenancy sustainability. It is reckoned that at least 60 % of people living in social housing are financially excluded from mainstream financial products and services. This makes them especially vulnerable as they are likely to pay more for essential goods and services, and any change in circumstances, such as losing employment and rising prices, is likely to affect them more.
We are now expanding
to support more people who need money advice and aim to work with a
range of other organisations to provide advice that is best suited to
their needs. We can support people living in all tenure types as well
as different client groups, for example lone parents, families with
young children, older people, BME residents and those returning to work.
All money advisers are professionally trained and work to the Quality
Mark standards of the Legal Service Commission. They provide advice
that is specific to the client’s circumstances and needs. Our services
give information and support to empower clients to deal with their problems
themselves where this is appropriate. We will also provide specialist
case work support and act directly on behalf of clients to negotiate
repayment with creditors.
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We offer the following advantages to organisations who contract with
us to provide advice services :
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A cost effective service delivered by phone
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Can be offered widely as no geographical limit
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Independent, impartial and free to the client
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Delivered to Quality Mark standards
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Regular monitoring and reporting
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We support you to implement the service and train your staff
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We work with you to assess business benefits and the wider impact
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Promotes financial inclusion and capability
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Complements other local services
Transact have produced
a document in 2008 which explored the business case for social landlords
to support services which reduce financial exclusion called Making
the Link.


