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Credit Union Loans

dj9928
dj9928 Posts: 343 Forumite
How long do you have to be with the credit union before you can take out a loan with them? I'm only looking a small loan of £500.

Comments

  • I think it varies but my local CU has an eight week wait before you can take out a loan.

    One word of warning though....my CU stipulates that the first loan can only be for twice your savings so in your case you would need to save £250 in eight weeks.

    hth
    2014 Target;
    To overpay CC by £1,000.
    Overpayment to date : £310

    2nd Purse Challenge:
    £15.88 saved to date
  • There is no credit union near me :( well there are but they are for council employees, I only want to borrow £120 to start my court proceedings with HSBC and can pay it back once this over, will I have to go to provident???
    :mad: I'll get you debts and your little dog too!!! :mad:
    And best of luck to all the other debt busters out there!!
    :beer:
  • dj9928
    dj9928 Posts: 343 Forumite
    jem170884 wrote:
    There is no credit union near me :( well there are but they are for council employees, I only want to borrow £120 to start my court proceedings with HSBC and can pay it back once this over, will I have to go to provident???

    Oh I no that feeling, I have 7 creditors I want to start court proceedings with, Since August last year I've only managed to get money gather up for one:o
  • What to do eh? Cant get OUR money back without money to do it wish!!!
    :mad: I'll get you debts and your little dog too!!! :mad:
    And best of luck to all the other debt busters out there!!
    :beer:
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