The aim of the Just Finance Foundation is to create a fairer financial system focused on serving the whole community, where everyone has access to responsible credit and savings and other essential financial services. It will develop and implement the Archbishop of Canterbury's continuing vision of creating a fairer and more just financial system.
A casual conversation in the hairdresser’s last week opened my eyes to the financial obstacle course faced by those renting in today’s private sector.
Emily (not her real name) was having her hair trimmed in the chair next to me and was talking about her landlady’s decision to sell the house that Emily currently rents. Emily has been given the minimum notice period which in her case is 56 days but this is not a long time when you’re working full time and have 6 children attending 3 separate local schools.
Emily met her husband Carl five years ago, Carl was a single dad of three, Emily had two children of her own and they have since had one child together. Emily works full time and Carl works part time. They have been on social housing lists for the past five years but 4 bedroomed properties are few and housing rules state that they would be overcrowded in a 3 bedroomed house; they are also not deemed priority as they are not homeless – yet.
Their financial circumstances fit into Teresa May’s famous ‘Just About Managing’ group, however having to move will put them into serious debt.
Completing our series of three blogs exploring some of the issues encountered by Just Finance - Alison Tsang, who works for JFF in London, says that how we view people with little money sometimes needs to be challenged.
A conversation with a priest recently brought into the spotlight something I’ve been pondering over for a while.
He told a tale of when he and his wife gave lodgings for a few weeks to a lady in his congregation who’d been left by her husband with three small children and no recourse to public funds. During this time, a conversation took place about how much she had to live on. “£60 a month”, she said.
What was this priest’s response? Not the response I was expecting.
Liz Chadwick works for JFF in Newcastle and Northumberland. Here she describes the process of setting up a new credit union to serve a rural area.
Traditionally, credit unions have been small, non-profit financial organisations set up by members with something in common to benefit their community. That common factor may be living in a geographical area or working in the same organisation. This is known as a common bond.
The great strengths of a credit union is that it offers a reliable source of loans to the members along with a culture of saving.
Recently there have been changes in our area because the strengths of the credit unions also became weaknesses at the very time when demand became highest following the financial crash in 2008.