Financial Wellbeing and Debt

This session aims to provide you with an understanding of the key debt factors in Medway and what services are available for residents.

- The course is being delivered by Wave Community Bank

Target Audience

Anyone who has a wide range of contacts within the community; enabling them to contribute towards improving health and wellbeing in Medway.

What is covered?

• Basic budgeting skills,
• How to approach someone with no savings to small savings , as around 1 in 10 people in the UK have no savings and this can be a scary admission.
• How credit scores work and are linked to APR and how that impacts financial wellbeing and resilience.
• Any days or key event weeks that support financial wellbeing
• Loan Sharks, how to identify and how to report.
• Bit about how credit unions work, we are an option before an IVA or debt management systems and encourage savings as well as loans. 

• Sign posting to local groups and resources

   

There is no charge for this Training, except if there is failure to attend without giving notice, when a charge of £50 may be incurred. 

If for any reason you are unable to attend or no longer require the Training, please cancel your place on the course through our Training Portal or email phworkforcetraining@medway.gov.uk as it allows another person to attend.