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

Wed 16-Aug-2017
NewsCheaper Christmas Campaign
Print
13 December 2016
Cheaper Christmas Campaign

Members of the Credit Union were out and about in Islington recently handing out leaflets explaining the costs of buying products from ‘rent to own’ shops.

Credit unions offer their members much more ethical and cheaper loans than high cost lenders, ‘rent to own’ shops and loan sharks and, by raising awareness of this, we hope to help more people manage their money this Christmas.

Chief Executive Martin Groombridge says: “A loan from the Credit Union costs a fraction of what it would from a high cost lender, so we would encourage everyone to check out what we offer first, before being sucked in by the hype of other providers.

“At the Credit Union, we sit down with people to work out what they can afford to borrow. We talk through their finances and look at how they can best manage their finances.”

As well as a low rate of interest, at around 12.7% APR on the reducing balance of the loan, there are no hidden extras on a Credit Union loan. The interest rate is fixed for the life of the loan and if your circumstances change you can vary payments and repay early without penalty.

Martin adds: “As well as being fair and affordable, our Saver Loans enable you to save at the same time as paying back your loan, which means you will need to rely less on borrowing in the future as you will have built up a savings lump sum.

“Don’t be taken in by the high cost loans and ‘rent to own’ deals out there, as they will cost you a lot more in the long run. Take a look around our website instead to find out how the Credit Union can help you and, if you need more information, drop us an email or give us a call.”


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