credit union loans

mama.a

Hello

Im due to move and in need of a bond
I rung lots of people and all direct me to credit union
Any way I want to no do they do credit checks . How long will it take .is it a good place to go for loans and how do they work

Thanks in advance

Tixy

Have you checked if there is a bond deposit scheme in your area? http://england.shelter.org.uk/get_advice/paying_for_a_home/rent_deposit_and_bond_schemes

Credit unions base lending decisions on the basis of affordability rather than just what is on your credit file.

Most credit unions require you to start saving with them first before you can borrow from them, and most restrict the first loan to a relatively small amount.