thfi & welfare reforms
TRANSCRIPT
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Stephen DobsonFinancial & Digital Inclusion Champion
1st March 2013
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The projects
Tackling Homelessness through Financial Inclusion (THFI)
Tackling Financial Inclusion through Digital Inclusion (TFITDI)
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Why THFI?
Welfare Reform is likely to have a significant impact on rent collection! So consider:
Are tenants in receipt of Housing Benefit capable of managing one direct payment and ensuring the full rent is paid?
Do tenants have a means to make payments towards their rent on an on-going basis?
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Aim of the project
To support Landlords and Tenants to maintain tenancies using a Credit Union Rent Account
So preventing homelessness…but also hooking people into financial inclusion support
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Benefits to Landlords• Helps Protect Rental Income• Mitigates against costly arrears/eviction
process• No need for Tenant Arrears or Safeguard
Assessment• No risk of overpayment• Helps maintain tenancies
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Benefits to Tenants• Supports budgeting• Credit Union benefits:
– Affordable Credit– Savings– Advice/Support
• Mitigates against high cost credit and Loan Sharks
• Constant through Welfare Benefit Reform
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Why Now?
Changes, changes, changes!
Welfare benefit reform will mean that those on state benefits will see a reduction in income and fundamental changes in the way they receive their income.
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Financial InclusionEnabling people to manage their money better through access to appropriate and responsible financial services and support with the knowledge and confidence to use them.
Excluded Included
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Aspects of TFITDI?
Promoting Financial Inclusion through Digital Inclusion Projects/Initiatives.Supporting the Development of a Credit Union Website Template.Developing a Financial Information Site/ Financial Capability Hub.
www.moneymadeclearwales.org