Abacus Daily Debt News

Citizens Advice to help debtors

A series of workshops devised by the Office of Fair Trading (OFT) and to be delivered by Citizens Advice have been implemented as part of the OFT’s Save Xmas campaign, to help at-risk groups such as lone parents, those on low incomes and debtors consider their savings options.

Head of financial capability at Citizens Advice John Rhodes noted that the organisation has seen "increasing numbers of people seeking help on money matters" across the UK.

The new campaign - which will see 210 seminars held directly for consumers - "means bureaux and local partners will be able to help even more people to budget, borrow and save with confidence".

Analysis of 2008’s Save Xmas sessions revealed that 40,000 people attended advisory meetings, with 71 per cent of attendees stating a rise in confidence in choosing how to save.

Earlier this month, Simon Lambert from This Is Money remarked that more must be done to educate the public on the best ways to save and that attitudes need to be changed.

By Sarah Adie