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Older people helped with over £350k of debt

07/07/2008

The financial skills and confidence of older people in the north-east have been targeted in a project in Newcastle.

The first year of Help the Aged`s Your Money Matters project, supported by Barclays, has helped older residents deal with over £350,500 of debt.

One-to-one and group information sessions have made "a positive and tangible difference" to older people experiencing debt in the area, according to Janette Blythe, Barclays`s community relations manager in the north-east.

Mike Smith, Your Money Matters advisor, agreed: "When we launched Your Money Matters at Caring Hands a year ago we said we wanted to improve the skills, confidence and financial situation of local older people, and after a busy but exciting first year we`re well on our way to doing this."

The project is based at Caring Hands, which also offers information on health and welfare, free equipment loans and help around the home to promote the independence of elderly and disabled people.

Bachelors `forced to spend more` 17/11/2008 - People who live by themselves find it more difficult to Bankruptcy `increases by 7%` 17/11/2008 - The number of consumers in England and Wales facing bankruptcy Finances `causing women sleepless nights` 14/11/2008 - Financial concerns, potentially including debt problems, are causing women sleepless Christmas spending slowdown expected 13/11/2008 - Christmas spending is expected to stagnate this year, as consumers