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Money advice site launched

A new website will aim to help some of the poorest people in Wales better manage their finances and prevent a further slide into debt.

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Advice for thousands struggling with Christmas debt

As many families across Wales continue to count the cost of Christmas, a new website is hoping to help those struggling to make ends meet.

'Money Made Clear' offers impartial advice on savings, loans and debt to help prevent thousands of people sliding further into poverty.

The site includes a 'loan comparison' tool to show exactly how much a typical short-term borrower would pay back, including interest, over one month. In one example, someone who borrowed £500 could end up paying back over £680.

The site was launched by the Wales Co-operative Centre and is funded by the Welsh Government. Rob Shelley logged on to find out more...

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