THERE is an alternative to loan companies who charge extortionate rates of interest (LET, May 24 and 28) and it could be on your doorstep. It's your local Credit Union.
Members of our community need to know there is the credit union available, where we will sit and listen and try to help members in debt and help them manage their money.
Some companies prey on the most vulnerable; people who think they have nowhere to turn and offer them loans with the highest interest rates.
It's scandalous that the more desperate a person is to take the loan the higher the interest rates are; compared to credit unions who charge the same low rate of interest to all of their members no matter what their personal circumstances.
Credit union members will also benefit from free life insurance on the loan. For all round peace of mind people really are better off with the credit union.
Nelson Community Credit Union was established 22 years ago and has given loans for over £7,000,000.
KATHRYN FOGG, Development Manager, Nelson Community Credit Union.
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