REGISTER HERE FOR FREE TICKET:  A Partnership Approach to Affordable Credit

Amid the costs of living crisis, statistics from the Office for National Statistics provide evidence that people are struggling and just do not have enough money at present. One in four adults are borrowing more money or using more credit, and 61% of adults are generally concerned about their household bills.

And people do not talk about money, resulting in poor or impulsive decisions and increased problem debt, making access to affordable credit a crucial need to prevent people turning to illegal money lenders.

In this session you will:

• hear about the growth of RACA and the importance of partnership working at a local level, with examples and outcomes
• learn what hasn't worked, and
• find out about what you need to start an affordable credit network

You’ll have a chance to put your questions to our speaker during this event.

Speaker

• Yvonne Hughes, Affordable Credit Officer, Renfrewshire Affordable Credit Alliance

About RACA

The Renfrewshire Affordable Credit Alliance:

• promotes local and national affordable credit providers of financial services, including credit unions and Community Development Finance Institutions to practitioners, groups and individuals using various methods, resources and through their own events
• is a recipient of the Scottish Illegal Money Lending Unit Charter Mark and takes a zero-tolerance approach to loan sharking activity in their community
• must work with other agencies, public bodies, charities and groups to ensure this information is available and that good financial messaging should be part of an everyday culture around money and financial inclusion
• does not offer money advice, but rather information and guidance, which is part of the Money Guiders Competency Framework around borrowing money and loans knowledge. Go to their website at www.raca.org.uk for more information.

Money Guidance competency match

This session is relevant to the following sections of the Money Guidance Competency Framework.

• Borrowing
• Debt