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3 July 2008

Project helps older residents in new castle deal with over £350,000 of debt

Help the Aged and Barclays celebrate first year of Your Money Matters project
 

Help the Aged and Barclays are this week celebrating the first successful year of the Your Money Matters project in Newcastle which has helped older residents to manage £350,547 of debt.

The project, run by Help the Aged and supported by Barclays, is based at Caring Hands and offers free and impartial money management and debt advice to local older people through group information sessions and one-to-one appointments. Newcastle Your Money Matters Advice Worker, Mike Smith, has also been assisted by four Barclays volunteers who have helped at some of the group sessions.

Your Money Matters Adviser, Mike Smith, said: '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.  

'Working with my clients over the past 12 months has been extremely rewarding, and we’re committed to helping many more people who could benefit from the work the project carries out.'

Janette Blythe, Community Relations Manager (North East) at Barclays, said: 'It is very encouraging that, only 12 months after its launch, the Your Money Matters project at Caring Hands is making such a positive and tangible difference to the lives of older people living in Newcastle.

The project has made a great start and we’re determined to fully utilise the expertise and the skills of our employees, in partnership with the knowledge and experience of Help the Aged, to continue this success into its second year.'

General money management information is offered at group-awareness sessions, open to all older people, at various locations in and around Newcastle. These sessions can then be followed by confidential one-to-one meetings with a trained debt adviser, either as home visits or through appointments at drop-in centres providing a comprehensive money management and debt advice service. This does not include financial or investment advice.

If you think you or an older person you know could benefit from Your Money Matters, please contact Mike Smith on 0191 261 6412 for more information about sessions and appointments.

Notes to Editors: 

Help the Aged

Help the Aged is the charity fighting to free disadvantaged older people in the UK and overseas from poverty, isolation and neglect. It campaigns to raise public awareness of the issues affecting older people and to bring about policy change. The Charity delivers a range of services: information and advice, home support and community living, including international development work. Help the Aged also funds vital research into the health issues and experiences of older people to improve the quality of later life.

All of these activities are only possible thanks to the generosity of our donors and Help the Aged is trying to increase the amount of funds raised to expand its charitable work and help the growing number of older people in need.

Help the Aged urgently needs donations and support to help it in the increasingly challenging fight to free disadvantaged older people from poverty, isolation and neglect. Visit www.helptheaged.org.uk or call 0207 239 1982.

 Barclays

Barclays PLC is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. With over 300 years of history and expertise in banking, Barclays is one of the largest financial services companies in the world by market capitalisation. Barclays operates in over 50 countries and employs over 127,000 people, moving, lending, investing and protecting money for over 27 million customers and clients worldwide.

Caring Hands

The aim of Caring Hands is to provide services which will promote the independence of elderly and disabled people. Offers free equipment loan, laundry service and handyman service to tend to small household repairs and garden tidy ups. Aromatherapy Service, Library and Internet access, First Stop Advice, Welfare Rights Service.