Gibraltar Citizens Advice Bureau

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Money, money, money

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“I work all night, I work all day. To pay the bills I have to pay – Isn’t that sad – And still there never seems to be a single penny left for me”.
 
 
 
When a money advisor has helped a client turn around a chaotic mess of multiple debts into an organized situation of realistic repayment, or helped write off a debt or successfully challenged the validity of a debt, a greater weight is often lifted from clients’ shoulders.
 
Do people really understand how easy it is for a financial situation to be drastically changed due to a change of circumstances, which are sometimes beyond their control? Illness, loss of employment, relationship breakdown, bereavement, a new baby etc can cut the family income drastically.

Of course sometimes people take on far more credit than they can handle, and when money is tight, people are often tempted to advance further credit even when struggling, rather than seeking help.

People with debt problems continue to come to the bureau when their financial situation becomes unmanageable.
GCAB works with a financial statement widely used in NACAB (UK) and validated by the British Bankers Association (Money Advice trust).

This statement allows clients to ascertain exact financial statement, prioritise debts and help retain or regain control and responsibility for their own lives.