What we do

MoneyWorks is funded by Newham Council to help save you money. An ethical and affordable alternative to high-cost short-term credit firms who exploit residents with extortionate rates of interest.

We work in partnership with London Community Credit Union (LCCU) to will offer residents better deals on financial products as well as help with debts and money management.

 

MoneyWorks was officially opened by Sir Robin Wales, Mayor of Newham and Cllr Frances Clarke, Cabinet Member for Financial Inclusion and Health Promotion. The service is one of the Mayor’s priorities and offers affordable finance and money advice to residents who may be struggling with debt or the everyday cost of living.

The service aims to support residents by building their economic resilience and end their reliance on some finance products that typically come with high lending fees.

At MoneyWorks, residents can get affordable short term loans without the high fees, access to exclusive deals and money saving tips they can trust. MoneyWorks staff work with residents to address immediate problems so that they are in a much better position financially in the long term. We work in partnership with London Community Credit Union (LCCU) to offer residents better deals on financial products as well as help with debts and money management.

Sir Robin Wales, Mayor of Newham said: “Last year, I made a promise to residents that I would provide an affordable and ethical alternative to high cost payday lenders. I am proud to be able to offer this unique service which may be a lifeline to those residents who have concerns about their finances.

“I know that there are families surviving on low incomes who are struggling financially. These are tough times and the government’s welfare reforms have taken vital money away from those who need it most. With MoneyWorks, we’re offering people a fairer deal, which could help them change their lives and become more financially independent.”

Newham resident Joy Emovon said: “I enjoyed my first session at MoneyWorks and found the staff very welcoming and friendly. I was impressed that after the session, my adviser called me to arrange a follow-up appointment to discuss how I can manage my money better. I look forward to using MoneyWorks again and think it’s great the shop is located in an ideal location inside the Stratford Centre.”

If you’d like some friendly help and advice on setting up a budget, visit us in store or book an appointment with one of the MoneyWorks Money Management Advisor Champions. See contact us below.