Credit union to offer £500 loans in Warrington

Credit union to offer £500 loans in Warrington

Credit union to offer £500 loans in Warrington

First published in News

A CREDIT union is taking on pay day loan companies in the new year.

The North East Warrington Credit Union has announced it has extended its trading area to cover the whole of the town and paid a 1.9 per cent dividend on shares held.

From January 15, it will be offering instant ‘helping hand loans’ to non-members, of up to £500. The maximum repayment period is six months with a 25 per cent APR.

The first appointments for people interested are on Wednesday, January 15 and every Wednesday afterwards. For more information, call Alex or Steve on 492688.

Comments (2)

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4:34pm Mon 6 Jan 14

Nick Tessla says...

25% may be competitive but it isn't cheap
25% may be competitive but it isn't cheap Nick Tessla
  • Score: 2

8:04pm Mon 6 Jan 14

Freeborn John says...

Indeed, but compared to the loveable sponge pensioners it is, aren't they charging 5,800% these days?
Indeed, but compared to the loveable sponge pensioners it is, aren't they charging 5,800% these days? Freeborn John
  • Score: 5

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