Up until October 2013, The Money Charity was known as Credit Action.
Credit Action was established in 1994 by Keith Tondeur OBE. Initially, he set up the organisation to help those in problem debt. Keith, along with a group of volunteers, provided debt advice to people over the phone from a small office in Cambridge. Over time he realised that there was a major gap in that no-one was helping people to prevent debt in the first place. He then began to move the charity into the more proactive area of Financial Education.
The charity has a long history of helping people to manage their money well. Past work has included targeted help for those leaving prison, the homeless, working through faith groups, as well as providing mainstream information and advice, face-to-face and in printed or digital form.
Today, The Money Charity is the UK’s Financial Capability charity, proactively providing education, information, advice and guidance to people of all ages throughout the UK, helping them to manage their money well and increase their Financial Wellbeing.