The implications of being financially excluded
Financial Exclusion - a significant disadvantage...
Living without financial products is a significant disadvantage in an age where cash is slowly being replaced by debit cards and automated transactions, and living on credit is the norm.
Having no insurance exacerbates the effects of theft. Outside of mainstream financial products, saving options are informal and unreliable.
Discounts on utility bills for paying by direct debit are inaccessible.
Affordable short-term credit is replaced by sub-prime lenders offering credit on APRs that often exceed 100 per cent, pawn brokers and loan sharks.
Being financially excluded can cost and it is the most deprived who pay the price.
If you wish to discuss any Financial Inclusion / Exclusion issues with our support team please telephone freephone 0800 074 6918.
Financial Inclusion Menu
- Aims of financial inclusion
- How the Government is supporting financial inclusion
- Promoting financial Inclusion
- Financial Inclusion Taskforce
- The reality of financial exclusion
- The implications of being financially excluded
- Toynbee Hall and SAFE: Services Against Financial Exclusion
- Asset-building and the Saving Gateway
- Financial education
- Basic bank accounts
- Financial Inclusion fund for England & Wales
- Conclusion
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]