Published: 4th Jul 2011

Social housing tenants are among those most affected by financial exclusion. A new report shows how a more strategic approach from landlords can make a huge difference. Neil Merrick reports The CIH financial inclusion advisers project encouraged tenants to save with credit unions. Helping tenants to improve their money management skills and save them cash continues to be a priority for social housing landlords in light of recent announcements about welfare reform and cutbacks. Access to banking services and affordable credit; increasing take up of tenant contents insurance and helping tenants access the advice services they need are some of a number of initiatives that social landlords have developed. A recent report from the Consumer Credit Counselling Service found that a quarter of people contacting the service with debt problems were on benefits and had an average debt of £15,000. Currently, around 2.5 million people borrow … (To read the full article, subscribe below)