With the current difficulties of accessing mainstream banking services and loans, many people find themselves taking out loans with interest rates of 180% APR and over. However, Newlon Fusion supports credit unions that offer loans at between 12% and 20% and seek to extend access to debt advice for Newlon residents.
Find out more about our programmes by clicking on the links below:
Meet a Financial Service Authority Money Expert
Fair Finance
Matched saving scheme
Greener living
Energy doctor
Meet a Financial Service Authority Money Expert
Newlon residents in Islington, Hackney and Tower Hamlets can now book free one-to-one sessions with an expert money guide.
Moneymadeclear, from the Financial Services Authority, is a new service which provides information and guidance about a wide range of money issues including:
• Budgeting for the long or short term.
• Benefits and tax.
• Bank accounts.
• Insurance and protection.
• Saving and borrowing.
• Retirement planning.
You can book an advice session for a morning or afternoon session. Morning sessions run from 9am to 12pm and afternoon sessions are from 2pm to 5pm. Please allow one hour for your session.
For your convenience, your advice session can be booked at any of the following venues:
• John Scurr Community Centre, 1a Bekesbourne Street, E14 7JQ.
• Barnsbury Estate Community Centre, 12 Carnegie Street, N1 0FE.
• Newlon Housing Trust, Newlon House, 204 Hoxton Street, N1 5LH.
To book your free, confidential session with a money guide contact Ketra Najjingo at Newlon Fusion, on 020 7033 4572.
You can find out more about Moneymadeclear by visiting www.moneymadeclear.fsa.gov.uk.
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Fair Finance
Newlon have linked with Fair Finance, a local not for profit organisation, to help you with your finances and to help prevent possible probelms with debt and arrears. Through this partnership you can receve debt counselling and one to one money advice absolutely FREE!
For more information, please contact Ketra Najjingo on 020 7033 4572 or email knajjingo@newlonfusion.org.uk. You can also contact Fair Finance directly on 020 7780 1777 or 020 7254 1976. They have offices in Stepney, Dalston, Islington and Redbridge.
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Matched saving scheme –
Open a savings account and we will give you money!
Islington Residents: If you open a savings account with Islington and City Credit Union and you save no less than £5 per week or at least £20 per month for three consecutive months, Newlon will credit your account with £60. If your children open a Young Savers Account with the credit union, Newlon will give them £10 for their account as long as they save no less than £2.50 per week or £10 per month for three consecutive months.
Tower Hamlets Residents: If you open a savings account with Tower Hamlets Community Credit Union and you save no less than £5 per month for ten consecutive months, Newlon will put £50 into your credit union account. If your children open a Young Savers Account with the credit union for over a year, Newlon will credit that account with £10.
For more information call Ketra Najjingo at Newlon Fusion on 020 7033 4572 or email knajjingo@newlonfusion.org.uk.
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