Uniting for Financial Inclusion: Insights from the Fair4All Finance Conference
Financial Inclusion for Scotland
About
Our vision is for easy access to fair loans, savings, insurance products and financial wellbeing tools for everyone – and the ability to acquire help when needed.
Report
Download and read the first co-produced Scotland-wide Financial Inclusion strategy.
Campaign
Financial Inclusion for Scotland supports the UK-wide campaign for a Fair Banking Act.
The Act would:
Find out more here.
Case Study
Some experience a daily struggle to access free cash in the UK. Many people are forced to rely on fee-charging cash machines. Whether you take out £5 or £50, the same fee is charged.
(Source: The Poverty Alliance/Fair By Design)
Case study
The poverty premium in credit exists because people in poverty pay more to borrow money. This is because people on a low income are more likely to have a low credit score and therefore be seen as more of a risk to lend to.
(Source: The Poverty Alliance/Fair By Design)
Financial Inclusion for Scotland
Financial Inclusion for Scotland
Financial Inclusion for Scotland
Community Lenders
The mygov.scot website has some helpful advice available for those looking for affordable ways to borrow money. Many community lenders like credit unions or Community Development Finance Institutions (CDFI) offer affordable loans if you have a low income or are on benefits, as well as pathways to further support.