Free Financial Advice at Bullring

By on 02/07/2009 in News

Local people wanting help and support on how to manage their finances and cope with the economic recession are being invited to visit the Bullring on Saturday where Birmingham City Council is leading a free day-long drop-in advice session.

Running in the pedestrian area on Edgbaston Street, at the back of the Bullring, the event is being organised through the Birmingham Financial Inclusion Partnership, and will see experts on hand from 10am - 3pm throughout the day.

Staged to mark Birmingham 'Financial Independence Day', the event will see experts from the Council's revenues and benefits, debt and trading standards teams joined by advisors from the Citizens Advice Bureau, credit unions, housing associations, and utility companies to offer free advice.

The Council-led Illegal Money Lending Team will also be on hand to offer advice and support on avoiding loan sharks, while agencies such as the FSA (Financial Services Authority) will advise on money matters.

The event is the latest in a programme activities arranged by the Financial Inclusion Partnership, since it was set up in 2006 to provide local residents with information and support to help them manage their finances.

It is also the latest event managed by the Council since the establishment of its 'Economic Response Taskforce' which is spearheading the city's response to the global recession and its impact on local people.

Jacqui Kennedy, Birmingham Financial Inclusion Partnership, said, “Many people are feeling the effects of the global downturn, the 'credit crunch'. Birmingham City Council and our colleagues in the Financial Inclusion Partnership are committed to providing local people with the information and support to help them tackle financial exclusion. The Financial Independence Day, therefore, is a key element in our strategy to address debt, poverty and other issues and I urge local people to make use of this important service”.

“In particular we are concerned that at these times more people are unable to access mainstream financial products such as bank accounts and low cost loans. In using the alternative credit market, they may pay higher levels of interest, and this can lead to financial and social exclusion as well as poverty.”

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Note to editors

The Financial Independence Day runs from 10.00am to 3.00pm on Saturday, 4 July 2009.

Local people who have concerns about their financial situation but are unable to attend the event can contact the Financial Inclusion Partnership by email (financialinclusionpartnership@birmingham.gov.uk) or visit the FIP pages at www.birmingham.gov.uk/financialinclusion for further information.

For more information about the Financial Inclusion Partnership, please contact 
Jenny Quinn telephone 0121 675 1666 email
jenny_quinn@birmingham.gov.uk

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