There are times when many of us need to access funds quickly. It may be a home or family emergency, such as a boiler breaking down or a car repair bill to enable you to get to work. Whatever the reason, it can be stressful attempting to make ends meet. At such times, an easy to access short-term loan can make all the difference.
Payday loans may look like an attractive solution, but high interest rates can lead to further difficulties. So, are there any alternatives when you experience a financial shortfall and need to access funds quickly?
The answer is YES.
Credit Unions offer a fairer alternative to payday and other online loan companies and enable those who may be tempted by exorbitant loans to borrow at a more realistic interest rate.
Unlike many lenders, we don’t focus solely on your credit score when assessing your loan application. Using open banking tools we also look at your transaction history to get a more complete understanding of your financial situation. This helps to ensure you aren’t unfairly excluded from accessing credit.