Pressure is mounting on debt advice
THIS year has seen a 10 per cent hike in the amount of people seeking debt advice from the Gloucester and District Citizens Advice Bureau.
In the chairman's annual report, Audrey Ricks says the CAB has experienced a challenging year, with funders and donors having less disposable income available for charities.
Changes to legal services commission contracts could also lead to the loss of a major revenue resource for the CAB.
With this in mind, discussions are under way to merge the chief officer between Cheltenham, Cirencester and Tewkesbury to help cut costs.
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Mrs Ricks said: "With no end in sight yet to the recession, funding changes and the introduction of a totally new benefits system, Gloucester CAB faces a challenging year ahead.
"A major focus will be seeking to secure new funding for the continuation of the work we do as, without new funding, the Bureau will struggle to continue to help the community."
Despite the financial concerns, the charity's operating reserves are at an all time high. In 2011/12, the charity achieved a surplus of £18,000 with total reserves at £167,000.
Net income was also three per cent higher than the previous year, at £414,000.
Comments
by MrGarnet
Tuesday, October 30 2012, 7:48PM
“What it all is is banks lending money they do not have just created on a computor to people who then defalt.
Then the legal system is fraudulently set up to chase those people to the grave for something that was never really lent in the first place! "Fiat Money.”
by Pifaw
Tuesday, October 30 2012, 7:35AM
“I had a demand from a debt collection company 3 years ago about a credit card I had paid up and stopped using. I had no proof I had paid up the card so I went to the CAB for advice. They told me I would have to pay the sum of over £500 being demanded. I searched on line for advice and as a result I paid nothing. The CAB were useless in my case and I advise anyone with a similar problem to Google" Legal Beagles" where you will get FREE advice.”