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Rural areas need more access to debt advice

18/05/2009

People in rural areas need greater access to financial services such as banking and debt advice, Farming UK reports.

According to the CRC (the Commission for Rural Communities), people in rural areas can find it particularly hard to cope with the effects of the recession.

Graham Russell, executive director to the CRC, wants ministers to do more to give rural communities better access to banking services and debt advice.

"Demand for financial services such as face-to-face debt advice and affordable credit is outstripping supply in rural areas where the recession is affecting the extent to which people are financially included," he said.

To quote from Farming UK, the CRC`s recommendations include:

* A government Financial Inclusion Technology Fund to finance innovative new support services, such as debt counselling teleconferences
* More financial services available through the Post Office network including debit-card facilities, current accounts, business services and loans
* More free face-to-face debt advice in rural areas
* Funding to extend funding for credit unions and community development finance schemes in rural areas beyond 2011.

Established in April 2005, the CRC aims `to provide well-informed, independent advice to government and ensure that policies reflect the real needs and circumstances of people living and working in rural England`.

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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