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Credit unions
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EstellaK
Posts: 61 Forumite
Hi
I was just wondering if any of you had any experience with credit unions?
Do they update the credit agencies- Im thinking this would help build up my credit file?
thanks
Stella
I was just wondering if any of you had any experience with credit unions?
Do they update the credit agencies- Im thinking this would help build up my credit file?
thanks
Stella
0
Comments
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not sure about the credit file thing but there is one here opposite my house (once a week) have thought about joining, to save a little but also to know that if i had an emergency i could take out a loan......i have no credit cards and im not allowed to take out credit, so if the car blows up (which is quite likely) i can hopefully turn to them........really must join0
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Credit unions are just great.
Im a big fan.
Not sure about the credit ref agencies either-why dont you ask them?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
I'm planning to join my local one once my all debt it to zero.Official DFW Nerd Club - Member no. 092
::£2 - CSC - Terramundi is filling up!! :: Joined 3/3/06 :: 5/2/07 - 835kg + £280 Banked!!::
::5p,10p & 20p - Savings Tin :: Founded 9/4/06 :: 23/3/07 - 3.2kg ::
Lost to date - 9kg (22/8/06) Next weigh in 2007!!0 -
Is it cheaper to borrow through a credit union or is it just that they can help everyone who saves with them?0
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You need to save with them to be able to borrow normally!! They are friendly societies.. this is my local one.. but has lot of infol.Official DFW Nerd Club - Member no. 092
::£2 - CSC - Terramundi is filling up!! :: Joined 3/3/06 :: 5/2/07 - 835kg + £280 Banked!!::
::5p,10p & 20p - Savings Tin :: Founded 9/4/06 :: 23/3/07 - 3.2kg ::
Lost to date - 9kg (22/8/06) Next weigh in 2007!!0 -
thanks
Ive looked up my local one so i think Ill give them a call !0 -
I love Credit Unions-we have been in one for a while.What I do is set myself a budget for my Shopping etc each month, and try and spend less (all those BOGOF offers) and stick the rest in the Credit Union.Havent borrowed anything from them, but their loans (in ours anyway) go by your affordability and not your CRF file.Debts :Paypal £1981.32
Monzo Loan £4278.16
Virgin CC £2137 0% until Dec 23
HSBC £5471.01 0% until Feb 2025
Emergency pot £404.47/2500
1p Savings Challenge £1.45/660
52 week Savings: £22.00/14000 -
Im also a great credit union fan.
Just save a wee bit & then borrow three times what you've saved.Great eh?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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