What can I borrow for?

What can I borrow for?

Our Members borrow for many reasons, our ethos is to support our Members and help them improve their life; less stressful, able to plan for the future, maybe make life cheaper. The principle is to borrow with a purpose. 
Sometimes that can be simply household cashflow; paying the bills. Many of our Members borrow for a specific event: Christmas, birthdays, holidays, back to school. Or specific things: cars, furniture, home improvements. Some Members use their credit union loan to improve their finances; clearing expensive debts or credit cards with a debt consolidation loan. Or improving their credit score by demonstrating that they can borrow and repay responsibly. The big question is how will a loan with credit union improve my life? 

We ask our borrowers what the loan is for, this is summary of how they spend their loan:

2020-21 lending data. 

We are not authorised to provide mortgages, credit cards or secured lending at this time. 

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