DAF News

The 12 Debt Tips Of Christmas

We all want to be generous at Christmas – but with so many families facing reduced incomes this year, how do you make sure you don’t end up with your own personal credit crunch come January?

Here are Debt Advice Foundation’s top tips for keeping your Christmas spending under control:

Payday Loans Fuelling Consumer Debt Problems

Our latest research has found that payday loans are fuelling consumer debt problems, while demand for this type of easy-access credit appears to be soaring across the UK.

The charity’s latest survey has found that 41 per cent of those struggling with debt claim their financial problems are the result of high interest ‘payday’ lending. We’ve also found that online searches for ‘payday loans’ have worryingly doubled in the past 12 months.

Southlands Pupils Become Money Mentors For ‘My Money Week’

Pupils at Southlands High School marked this year’s My Money Week by mentoring a group of primary pupils using Money Diaries, a classroom resource tackling financial issues written by Southlands students in partnership with Debt Advice Foundation.

Charity Supports All Party Parliamentary Group

Debt Advice Foundation has become a registered supporter of the All Party Parliamentary Group on Financial Education for Young People.

The group, which is chaired by Justin Tomlinson MP, aims to support schools in the delivery of financial capability and ensure young people are equipped to make informed financial decisions.

Shadow Education Minister Visits Charity’s Money Education Centre

The Shadow Secretary of State For Education, The Right Hon Andy Burnham MP, officially presented Debt Advice Foundation and Southlands High School with the PFEG Centre of Excellence accreditation for work undertaken in establishing the Money Education Centre for children.

The award recognises projects in the UK that have taken big steps in bringing the subject of personal finance into classrooms.

A Fond Farewell To Trustee Paul

We would like to wish one of our Trustees – Paul Latham – the very best for his relocation to America.

Paul has played a significant role in the development of the charity over the last 4 years and we are extremely grateful to him for volunteering his time and expertise to Debt Advice Foundation. He officially steps down from his role as Trustee this month and we wish him well for his new life in the US.

Money Diaries Schoolchildren Interview Meryvn King And Robert Peston

Last week pupils from Southlands High School met with the Governor of the Bank of England, as part of our Money Diaries education initiative.

Chairman of Debt Advice Foundation, Dennis Benson, accompanied a team of students to London to meet a number of financial experts - to discuss the provision of financial education in schools and help the pupils get a better understanding of why the UK's debt crisis happened.

Financial Education Initiative Featured On BBC Radio

This morning pupils from Southlands High School joined the breakfast crew on BBC Radio Lancashire, to discuss a financial education initiative which is being backed by Debt Advice Foundation.

A team of students from the Chorley-based school and their deputy head will be travelling to London tomorrow, along with our Chairman, Dennis Benson, to discuss the nation’s debt crisis with the Governor of the Bank of England - Mervyn King.

Money Diaries Awarded PFEG Quality Mark

The Money Diaries series of educational guides, that have been developed in conjunction with Southlands High School in Chorley, Lancashire, has been awarded the Personal Finance Education Group (PFEG) quality mark. The mark is granted to learning materials that are able to demonstrate key criteria, such as matching curriculum requirements, that they cover an appropriate range of financial topics and that they have been developed with and tested in schools, has been met.

Money Education Centre Opens Its Doors

The UK’s first Money Education Centre, a pilot project between Debt Advice Foundation and Southlands High School in Chorley, Lancashire has officially opened its doors and is offering free financial capability lessons to schoolchildren.

The centre will provide free financial capability lessons to schoolchildren that will focus on key topics such attitude to borrowing and saving and the appropriateness and affordability of debt as well as providing practical lessons in how to manage money effectively.