Scotcash Inverclyde - Coming Soon!
Posted by: Eden Morrison on June 26 2017 | Tagged:
Scotcash will soon be expanding into Inverclyde, as part of Inverclyde Delivering Effective Advice and Support (I:DEAS) – a £2.35m contract from the Big Lottery Fund, backed by the European Social Fund.
This project focuses on preventing rather than dealing with crises and giving people the education, skills and tools needed to help them manage their finances effectively. Our new Inverclyde town centre office will be opening in Autumn 2017.
Inverclyde is an area which has been affected by the introduction of Universal Credit. Inverclyde Council states that Housing Associations in the area are reporting “85% of their tenants claiming Universal Credit are in arrears, compared with 17% who are receiving Housing Benefit”. Additionally, since the introduction of Universal Credit, there has been an increase in the need for crisis grants – in March and April 2017, payments were 67% higher than the previous year.
Scotcash is pleased to be able to offer an alternative to those finding themselves in financial difficulty and our services will now be available to many more people as we continue to widen our reach across Scotland – our Edinburgh office on Leith Walk is also due to open within the next few months.
Customers at the new Scotcash Inverclyde office will be able to access the range of services we currently provide, for example access to bank accounts and savings accounts, as well as a range of complementary services provided by the I:DEAS project.
Convener and Council Leader Councillor Stephen McCabe – also the Council’s Welfare and Financial Inclusion Champion, commented:
There is little doubt that some people are finding themselves in a difficult position in the short-term so I am pleased we are able to find additional resources to help.
Through Scotcash, people will be able to apply for short-term small loans as a direct alternative to some of the payday lenders who charge very high interest rates.
Scotcash CEO, Sharon MacPherson, stated:
The I:DEAS project provides us with an ideal fit as our work has been proven to improve the overall wellbeing of our customers, in addition to their financial health.
We are proud to be part of the project and are confident our expansion will help us reach more excluded households than ever before.
You can also read what Inverclyde Council have to say here.