Credit Union Help

Blackadder1_2

I recently lost my job and had several small debts that needed paying back, but my interest was more than my debts. I was recommended by the CAB to go my local credit union (Hampshire Credit Union). Worked brilliant for me. Small loans at a rate far cheaper than Provident etc. Each credit union offers something different, but if you need digging out a hole its worth finding your nearest one. Hope you have as much luck as I did.:rotfl:

Snowminx_3

Hi there,

Im looking at taking out a loan with my local credit union. I have located my local one but i am unsure if i am able to get a loan out first or would i have to pay into the credit union first before they ould consider me?

Any details on how they work wold be great.

borders_dude

Might it be different rules for different credit unions?

borders_dude

Which is your local credit union?

creditcontroller

Snowminx wrote: »

Hi there,

Im looking at taking out a loan with my local credit union. I have located my local one but i am unsure if i am able to get a loan out first or would i have to pay into the credit union first before they ould consider me?

Any details on how they work wold be great.

If you give your local credit union office a ring they will tell you all you need to know or you could pop in and ask for more info. They may have a brochure which will answer all your basic questions.

hayton2k3

i paid £2,50p to join then got a £500 loan off them,
thats the most my CU did for newcomers,

Blackadder1_2

Not sure what you expect from them!! They try to offer loans in comparison to your incomings and outgoings. Usually if you have a small oan to start with and you manage to keep up with the regular payments, they will top up continuously.

Remember they are spending other members savinsg so they do have to be careful.