Citizens Advice is hoping to recruit 1300 volunteers for three years. The new recruits will offer advice to consumers throughout the country on financial matters. Nationwide Building Society is to be a partner in the scheme, investing £3 million to help the venture.

The director of policy for Citizens Advice, Teresa Pritchard, is reported as saying that the organisation has had a huge increase in consumers seeking advice on mney matters over the last ten years. Debt and money matters have become the top area for the service, with advisers dealing with an average of 6500 problems each day,

“We have been in the trenches for too long on debt. It is an endless battle helping people resolve debt problems.

“Half a million people came to see us about debt problems last year and since 1997 the number of debt problems we are dealing with has increased by more than 100 per cent.”, said Ms Pritchard.

She went on to say that the new initiative is aimed at preventing people getting into debt. This will be acheived by educating people by working with local authorities, schools, social landlords and other organisations.

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