Today Credit Action, the financial capability charity and Link Financial, one of Europe’s leading purchasers and servicer of both performing and non-performing loans, announce a new three year partnership to deliver financial education in schools around the UK. The Link Financial sponsorship package, circa £70,000 over the 3 year programme, will support the expansion of Credit Action’s financial education workshops to 11-19 year olds across England, Wales and Northern Ireland.
The demand for this service has been significant since it began in 2010. Since then, Credit Action has reached over 53,000 young people through direct delivery of financial education workshops and over 1 million prospective university students through their Student Money manual which goes out to students nationwide via UCAS.
Link Financial’s new partnership with Credit Action will allow a further 360 workshops to be delivered across the UK to 10,500 students over the next three years. The workshops will enable young people to build the skills, knowledge, attitudes and behaviours to manage money well and cover such subjects as budgeting, debt & credit, bank accounts, saving and student finance.
Selina Burdell, COO of Link Financial Group said: “At Link Financial we frequently see the stresses placed on individuals who are unable to manage their finances. Delivering money management education to young people is key to alleviating these issues in later life. We are therefore pleased to support the Credit Action team with a long term commitment to building awareness and skills in this most vital of areas.”
Michelle Highman, CEO of Credit Action said: “Financial education is essential for all young people. It is vital that we empower young people to understand and stay on top of their money throughout their lives. This partnership will allow us to reach even more young people in this way and we are very grateful to Link Financial for their support.”
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About Link Financial
Link Financial is one of Europe’s leading purchasers and servicer of both performing and non-performing loans, managing more than 1.5 million customers and €6 billion of receivables across its European platform.
The company’s headquarters are in London, with further operational centres in Spain, Italy, Germany, Ireland and Wales. Standard & Poor’s (S&P) has awarded Link’s UK business a special servicer ranking of “STRONG – Outlook Stable”, meaning it has the highest rating possible for a consumer loan special servicer in its market.
About Credit Action
1.Credit Action is the national money education charity, established in 1994. It works nationally promoting better thinking about money with a particular emphasis on those vulnerable to financial difficulties. See www.creditaction.org.uk for more information.
2.Credit Action runs two financial education programs in schools for young people aged 11-17. Click here for more information.
Gerald Elliott, Communications Director, E: email@example.com
T: +44 (0)20 7150 0228 www.linkfinancial.eu
Ceara Crawshaw – firstname.lastname@example.org 020 7380 3390