Martin Whitfield MSP has welcomed Capital Credit Union’s Covid Financial Wellbeing Package, which seeks to provide answers for consumers on education, support and the products they have available.
14.5m people in the UK have less than £100 in savings and financial resilience is at an all-time low, with many households susceptible to unscrupulous and high-cost lenders, especially as the furlough scheme comes to an end in due course.
Financial, physical and mental health are all deeply connected and CCU is promoting this package of measures to help tackle the tidal wave of personal financial challenges many people could face in the coming months.
Martin Whitfield MSP said:
“The pandemic has already had a serious impact on the finances of thousands of households across Scotland. Some people are struggling with increased levels of personal debt or high-cost lending, while others are simply looking for a way to build a nest egg for their financial future.
“Capital Credit Union’s Covid Financial Wellbeing Package has been designed to help provide the answers for consumers on issues such as education, support and how their products can help people.
“It includes help with savings, information on building credit rating, specific products tailored to the current situation to help deal with debt, educational materials and signposting to specialist debt and mental health charities.”
Full details about what CCU has to offer when dealing with personal financial challenges can be found at www.capitalcreditunion.com/mk/financial_wellbeing_package.aspx