More Money...what about a Credit Union?

More Money...what about a Credit Union?

More Money...what about a Credit Union?

If you are on a low wage or have benefits as your main source of income, a Credit Union, which offers loans, savings and current accounts may help however are rarely used.

Credit Unions are small non-profit financial organisations, there to provide a financial community, where its members mutually benefit from savings and borrowing. There is no need to agree to high interest loans or doorstep lending, it is worth finding out a details of a Credit Union near you and what they could offer.

Credit Unions work by the members pooling their savings to lend to one another and help to run the Credit Union. Any money put in is used to help other members and not used to pay outside shareholders unlike other financial institutions.

If you are on a low wage or have benefits as your main source of income, a Credit Union, which offers loans, savings and current accounts may help however are rarely used.

The interest on loan is usually around 12.7% APR up to a maximum 26.8% APR. It should be noted that there are no repayment penalties and/or arrangement fees. Small loans can provide;

Help with your rent arrears

Help you to get back into employment

Help to get you back into education

Help with your household items

Stop you taking out doorstep lending

To be part of a Credit Union, you need to share a common bond' with other members, such as:

Live or work in the same area

Work for the same employer as other members

Belong to the same church, trade union, church or other association

To find out more about Credit Unions and to find your local Credit Union visit ABCUL or contact a debt solicitor at Duncan Lewis. We are happy to advise you on various options of your debt matter. Duncan Lewis is the largest legal aid civil legal aid law firm in the country and offers debt law for those eligible for legal aid under the legal help scheme. We have a team of experienced solicitors who are able to offer accurate and confidential advice for debt law.

Duncan Lewis is the largest legal aid civil legal aid law firm in the country and offers debt law for those eligible for legal aid under the legal help scheme. We have a team of experienced solicitors who are able to offer accurate and confidential advice for debt law.

POST COMMENT

Installment Loans For Bad Credit – Pay Back Your Loan In Easy Installments No credit check loans-Cater to everyone Faxless Payday Loans – Totally Paperless Solution To Your Credit Needs Bad Debt Personal Loans-Suitable for bad creditors Bad credit loans- Fast aid to meet fiscal woe on time Logbook Loans: Instant approval finance without credit check Recovering from Financial Woes with Unsecured Bad Credit Cards Adverse Credit Finance And How Loan companies Approve A Loan Credit Card Debt Relief - How to eliminate credit card debt fast Unsecured Loan No Credit Check- Important Guidepost For Instant Unsecured Loans Rebuild Your Credit History With Secured Credit Cards Can the Snowball Plan Eliminate Credit Card Debt? Pros and Cons of this Method Guaranteed Personal Loans - No Matter what your Credit Looks Like