The IVA (Individual Voluntary Arrangement)
Their helpline offers free debt advice
Money Advice Trust
Offer information on dealing with debt and negotiating affordable repayments to creditors.
UK Insolvency Helpline
A national telephone helpline for people with debt problems.
Dealing with debt
This information sheet applies to people of 60 and over living in England and Wales. Brief guidance is given about possible action which can be taken to deal with debts. If the debt problems are complex it is probably best to seek independent money advice from one of the organisations listed at the end of this sheet.
Essex Savers Net Credit Union
This provides straightforward, affordable and accessible savings and loans for all who live or work in Essex, and in addition money advice and money education
Credit Report
This site helps people to maintain or improve their credit rating and their credit report.
Community Legal Advice
This offers independent and confidential legal advice. Use the online directory to find a local Community Legal Advice provider or try the 31 Community Legal Advice
information leaflets
available on the website.
Community Legal Advice help line: 0845 345 4345
Mobile users can text 'legalaid' and their name to 80010 to receive a call back from an adviser.
The helplines offer independent advice about debt, benefits and tax credits, problems for people who live on a low income or benefits.
Guidence on Community Legal Advice can also be found on
Essex County Councils website
.
Age Concern factsheets offer the following information:
How to get information and advice about your investments
This information briefly explains things to think about before making decisions or getting advice. Investing money always carries a risk - some options involve more risk than others, but may offer a higher return. This paper suggests situations in which professional financial advice might be sought and suggests potential sources of such advice.
Raising income or capital from your home
This factsheet gives information about different types of equity release schemes such as lifetime mortgages and home reversion schemes.
Equity release and income-related benefits
Equity release is the term used to cover the various ways that older homeowners can use their homes to generate income or capital lump sums while continuing to live there. This information sheet looks at the potential effect of equity release on claims for Pension Credit and Council Tax Benefit for people over 60. It is mainly aimed at advisers or others who are already familiar with the benefits system.
