Debt can have a devastating impact on Londoners and the Mayor is keen to see what can be done in London to help those affected.
Since the economic and financial crisis of 2008, the Mayor is committed to helping vulnerable Londoners address debt and money management related issues by raising awareness of free debt and money advice services in the capital.
Free debt advice
If you are struggling with bills, or need free debt advice contact Capitalise.
Stepchange debt charity (formerly the Consumer Credit Counselling Service) offers free debt counselling and money management advice and can be contacted through its freephone helpline on 0800 138 1111
National Debtline also offers free independent debt advice on 0808 808 4000
The Money Advice Service, is an independent service set up by government to provide free, unbiased money advice online, on webchat, over the phone, in printed guides and face to face on 0300 500 5000
Credit unions are not for profit organisations that offer services such as saving accounts and low-cost loans to its members. Credit Unions are regulated by the Financial Conduct Authority. To find your local credit union visit : www.londonmoney.org.uk
Reports on debt advice services
Two reports, Treading Water and Up to Our Neck in it, were produced by the London Debt Strategy Group which was set up in 2008 to consider and find solutions to the issues facing London’s free debt advice services and their clients as a result of the 2008 economic crisis.