MoneyFit frees vulnerable women from financial worries
It can often seem impossible to break the cycle of financial worries, but thanks to the Lancashire Women’s Centre’s, this is changing. The team has been delivering one-to-one money, debt and benefit advice for almost a decade.
The Lancashire Women’s Centre secured a £17,000 grant from Newground Together, alongside support from other key partners, to continue delivering the financial advisory service named ‘MoneyFit’.
Regulated by the Financial Conduct Authority (FCA), its experienced advisors provide a range of money management support, including advice around benefit rent arrears, budgeting and debts.
“There’s such a big demand that we could employ another advisor today and have their diary instantly filled up with appointments,” explains Mandy Taylor, project manager at the Lancashire Women’s Centre. “The real success of this project has been our ability to offer both practical and emotional support for vulnerable women who often face multiple barriers when accessing mainstream services.”
One of the hundreds of women supported by the MoneyFit team was suffering physical, emotional and financial abuse by her partner and came to the centre seeking a way out. Without no income of her own and little awareness of what she could claim, the team supported her throughout a full income assessment and sought housing benefit to obtain a new property and furniture. Now in contact with victim support and awaiting counselling, the individual is receiving all the funding that she is entitled to and thanks to finding a new property, feels safer, less stressed and far happier for the future.
To date, MoneyFit has put almost £600,000 back into people’s pockets across Lancashire by helping to write off debts, gain new grants and apply for income that they’re entitled to receive.
Mandy continues: “The monetary benefit is an added bonus for us and instead, we’re more focussed on improving mental health, wellbeing and confidence and reducing vulnerability. We’ve received feedback from a few people who without access to our advice wouldn’t be here today and that’s what makes the project so special.”