A UK wide network of centres aimed at offering free, impartial financial advice through the Internet, face-to-face and over the phone has been setup by the Government to help consumers.

The Money Advice Service will provide impartial advice on money issues, from credit card debts and advice on improving credit scores to more serious financial matters.

The completely free service, funded by a charge levied on the financial services industry, replaces the Consumer Financial Education Body, which was formerly known as Money Made Clear.

The Money Advice Service is expected to offer a more thorough service, offering face-to-face meetings for the first time in an attempt to help UK consumers make the most of their finances.

The Chairman of the Money Advice Service, Gerard Lemos, stated that the service has been setup to make “people’s lives easier and better.” Mr Lemos went on to add:

“I firmly believe we can all enjoy life more given the right money advice at the right time in the right way. We’re not here to sell people anything and we won’t charge anyone – we are here to help people take decisions about their money and plan for a better future for themselves and their families.”

To find out more about the Money Advice service please visit www.moneyadviceservice.org.uk or call 0300 500 5000.