NestEgg will explore the pitfalls to avoid when giving money guidance to someone who is thinking about applying for credit. They will especially consider good practice where someone you help has recently been through a Debt Management Plan (DMP) or Debt Relief Order (DRO) is thinking about applying for credit.
This session is part of a series of workshops linked to the Money Guiders Conference 2024 and running alongside Talk Money Week.
When
Thursday 7 November 2024, 11.00-12.00
Where
Online
Who should attend?
Money Guiders who want to get more insight better supporting people they work with to improve their financial wellbeing, regardless of whether you support people who have been through a debt situation.
What you will learn
The defaults and low credit score resulting from the DMP or DRO will remain on the credit file for six years. As a result, it will be harder to access affordable credit.
Former debt clients who are seeking money guidance are at risk of ending up with high cost lenders and loan sharks and in another cycle of indebtedness.
As we explore the dos and don'ts of improving a credit profile, participants will be better able to understand the best ways money guidance clients can unlock affordable credit and improve their financial wellbeing.
Who is speaking
Adrian Davies, co-founder and CCO of NestEgg.