“At this time of year we all turn our attention sorting our finances out after our Christmas spending. All too often we hear of people struggling to work how they can pay their bills and current cold weather means that the worry of paying for gas and electric is likely to add to these difficulties.”
“Turning to a high cost money lender to make the money last to the end of the month is usually not the solution since it could mean an even bigger problem in the months to come.
“This new website will help people make informed choices about how they can best meet their commitments without having to turn to the high cost lenders that prey on the most vulnerable in our society.
“The website signposts sources of financial advice and also gives details of local credit unions, who are ideally placed in communities and offer an affordable alternative to other loan providers.
“This resource will also help financial advice providers to keep in touch with each other so that they can share information and best practice.
”Encouraging such organisations to work together is a crucial in improving financial inclusion and tackling poverty in Wales.”