Every 20 minutes and 15 seconds, a home is repossessed in the UK. Financial struggles often leave people in our community feeling isolated, depressed and powerless to change the situation. At St Mary’s we believe that nobody should be held hostage by poverty and debt. That's why we're partnering with CAP and the Chipping Norton community church to provide free debt help to local people.
What is CAP?
Christians Against Poverty is a national charity that partners with local churches to provide free debt counselling, job clubs and money courses. Since 1996, it has helped thousands of people become debt free.
By calling 0800 328 0006 you can ask a Debt Coach from the Chipping Norton CAP Debt Centre to visit you in your own home.
An effective budget
Our trained debt counsellors will work out a realistic budget that prioritises your essential bills. CAP will negotiate affordable payments with each creditor and attempt to stop unfair interest and charges where possible. Your local Debt Coach will then explain the budget and the payments you will need to make.
In most cases, a CAP Plan is set up for you. You will need to make one weekly or monthly payment into your CAP Plan to cover your bills and debts. CAP will then distribute this on your behalf. You can also build up savings through your CAP Plan.
If you are in severe debt, then we can walk you through insolvency options, such as petitioning for bankruptcy. We can help you to fill out the forms and even attend court with you.
You can use your CAP Plan to pay your bills and debt repayments until you are debt free.
Whatever your financial situation, the CAP money course is a great way to keep on top of your finances. The course includes sessions on how to budget and save effectively and it aims to give everyone a set of clear and simple tools for managing their finances. The next course at St Mary's will run in 2017. Keep an eye on the website for details of dates or email e-mail for more information.