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Tel: 020 7561 1786 (Multilingual advisors available) Fax: 020 7272 8192 Email: info@credit-union.coop

Wed 16-Aug-2017
NewsTransfer your credit card debts to us and save money!
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15 June 2015
Transfer your credit card debts to us and save money!

London Capital Credit Union is encouraging members to look at transferring their credit card debts to a single low cost loan from the credit union to save money.

Its really easy to rack up debts on your credit card without really noticing and, if you only pay off the minimum amount each month, your debt can soon rocket. Before you know it, you can be paying out a lot money on interest alone!

The interest rates on credit cards vary widely and can often end up much higher than you expect and much higher than the advertised rates. Many credit cards also carry hidden fees, for example if you dont pay your bill on time.

At London Capital Credit Union we offer a range of low cost loans, with no hidden charges or early repayment penalties. Also, as we only charge interest on the reducing balance of our loans, you end up paying a lot less than you would with other lenders.

In fact, two of our members recently saved hundreds of pounds a month by transferring their credit card debts to the credit union. One person will save over £280 per calendar month in payments, and will be saving with us at the same time. Another member used a credit card clearance loan with the credit union and will save nearly £300 per month!

Our Instant Saver Loans, for example, are designed for new members and interest is charged at 19.7% APR. You can apply for one of these loans as soon as you join London Capital Credit Union. However, members who have saved at least £26 per calendar month with us for nine months can apply for a Saver Loan, which is charged at a lower interest rate of 12.7% APR. One of the benefits of our Saver Loans is that part of your regular repayments is allocated to your savings account, which means that as you repay your loan your savings continue to grow.

Many people now recognise the advantages of borrowing from the credit union. In the first two weeks of May for instance, we issued nearly £350,000 worth of low cost 'Saver Loans'! So why not join them and contact us today to find out how we can help you pay off your credit card debts and save for a rainy day.

Find out more about our full range of loans here: http://credit-union.coop/content.asp?section=18


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  • London Capital Credit Union
  • Tel: 020 7561 1786 (Multilingual advisors available)
  • Fax: 020 7272 8192
  • Email: info@credit-union.coop
  • Web: http://www.credit-union.coop
Authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Firm Ref. No. 214094