Creditcredit union loans comparison hopefully soon to go nationwide-join today.

[Tawnyowl]

WONGA LOAN----Borrowing £400 + Interest & fees £127.15 = Total to repay £527.15 - For 30 Days

 

 

 

CREDIT UNION LOAN Borrowing £400 plus Interest& 8.93 = Total to repay 408.93- For 30 days.

 

This news is surely going to destroy the Legal Loan Sharks.

Now in London and Birmingham.

 

I just hope the Banks somehow do not interfere.

 

The Banks may find themselves in trouble again with people like Bank Of Dave In Burnley

http://www.burnleysavingsandloans.co.uk/about-us/

 

And Spark down South

http://sparksal.co.uk/

Offering loans to local businesses at mates rates, and good interest rates to investors.5%

All net profits going to charity.

 

And Community banking as well.

Maybe a financial revolution is arriving.

 

It sounds like the Legal Loan Sharks are soon going to run out of food.

And just as the Subprimers did vanish,to be forgotten in the mists of time.

 

Join yours today.

http://www.findyourcreditunion.co.uk/home

Edited October 11, 2013 by tawnyowl

[citizenB]

This is good news indeed

 

If only it became more widely advertised and people started to save just a few pounds a month with Credit unions, PDLS might be stamped out of existence

[Tawnyowl]

Hi Citizenb

This news will soon be known all over Great Britain.

All i would like now is for the Church Investment team to pay for the IT platform at the Post Office.

Link the Credit Unions to the network.

Archbishop Welby said in a blog a few weeks back.It will take ten years to compete.

He pledged to Compete the lenders out of business.

He was wrong

This is the quickest way possible.

Keep to your pledge,i will not forget.Invest.

Then you can get on with Church business.And have a smile on your face.You helped compete the legal loan sharks out of business,as you said you would.

And one last thought Credit Unions do a lot more than Loans,take a look at your local one today.

Edited October 11, 2013 by tawnyowl

[renegadeimp]

Im thinking of joining one near me. Just hard to find one as its just small villages where i live.

[Tawnyowl]

Hi renagadeimp.

This is why i would like the It platform set up at Post Offices. To link things up.

Perhaps the old Postmaster being authorised to grant small loans.Everything linked up.

Let me guess 14,500 post offices reaching perhaps 90% of people in Great Britain within a couple of miles of getting to them.No costly bus rides,drives etc.

I am always talking about the Credit Unions,so this next week i will join my local one.And write a small article on how it went.

I will go down to their office,have a chat if possible,i have forms from a payday loan protest i did with Gordon Marsden MP for Blackpool.South

Here is the story if anyone has time.

http://www.consumeractiongroup.co.uk/forum/showthread.php?397825-Blackpool-Protest.Protest-against-legal-loan-sharks-targeting-our-communities.

Edited October 11, 2013 by tawnyowl

[Frustrated77]

Hi all, iv just got my membership number through for a credit union. The company I work for have their own, they do payday loan&long term loans with reasonable rates. Money is direct off wages so no hassle:-D

[citizenB]

If anyone has details of local CUs, perhaps they can post the details here

 

That is great news frustrated. If some of the larger companies could do this nationally, it would be brilliant.

[Frustrated77]

Credit union I have joined is the cooperative, it's for employees of the coop and it's also a saving union. They offer free life insurance to all new members too. Not sure if anyone can join but I will check my pack and let you know:-)

[citizenB]

That is very good of you, Frustrated. Thank you

[Frustrated77]

Hi, sorry I never got back sooner. It's a credit union run by members for members&family of the coop. Really good, money comes off each month via wages so won't have hassle of paying it like with a PDL. It's good for saving each month which I'm doing

[Frustrated77]

Hi all, I have just been approved for a loan with the company I work for. They have their own credit union, over 12 months all I'm paying back in interest is £67.49! Over 1 year, absolutely no comparison to the sharks of payday loan companies! So pleased I joined. So my advice would be to people if they can join one near them then do it!

[Tawnyowl]

I have not had time to wander down to my local credit union,but soon will i assure you.And tell the story.

I have seen great ideas from the Credit Unions.Saving clubs Christmas clubs many many things.I think i will put some on so you realise how cool these places are.

Why did i not join years ago.

You save with them,a little,they lend to local people,spend in the local community who then pay back.

Then you may get a little interest.A bonus that beats the Banks any day.

And makes you happy.

A chap in America went to the local Credit Union, they said,"nice haircut you have had"

What do the Banks say to you, "Next"

 

Here is what my local Credit Union does.What does yours do.Tell me.I find it interesting

Credit Union Member Benefits

 

• Free to join
  
• Easy access savings accounts
  
• Christmas savings accounts, locking in your money until Christmas
  
• Pay in by payroll deduction, direct debit, post office or pay-point or direct from your benefits.
  
• Free life protection doubles your savings for your family in the event of your death
  
• Annual dividend payments
  
• Access to affordable loans at bank-beating interest rates
  
• Free life protection to pay of your loan in the case of your death
  
• No set-up fees
  
• No arrangement fees
  
• No early settlement fees
  
• Owned and run by its members
  
• keeps our money working for us here in the Fylde Coast
  

Edited October 18, 2013 by tawnyowl

[citizenB]

Hi all, I have just been approved for a loan with the company I work for. They have their own credit union, over 12 months all I'm paying back in interest is £67.49! Over 1 year, absolutely no comparison to the sharks of payday loan companies! So pleased I joined. So my advice would be to people if they can join one near them then do it!

 

Thanks for updating, frustrated. Lets hope we hear similar stories.

 

I am ashamed to say, that I did plan to look for one locally to me and have been completely side-tracked. I have stuck a post it note on the screen so I don't forget

[Frustrated77]

It's a company who iv worked for for 13 years so I know what I'm entering into with so much information given to me from my employer. I'm also saving with them what I can and got free life insurance too. Excellent! More people joking these, the less people will need to apply for payday loans with massive APR and the hassle of repaying.

[Frustrated77]

I can also add money to it using my members card via pay point which is handy and safe! Savings and Christmas club. Will also only allow what you can afford and because I'm an employer they can check that I'm in receipt of what wages I say I am. Paying over a longer period of time is so much better. I wish I had discovered this a long time ago

[Tawnyowl]

This thread is a lot quieter than i thought it would be so lets have a lighter look at things.

I am sure there are some on these payday loan threads that are naturals at making prose,poems,rhyme whatever.

Till the next person who comes on to say they have joined the credit union,help me make some verses up to this tune.

There is a reason.I am soon releasing a documentary to compete with Wongas new one to be released soon.At the same time hopefully.

I want a theme tune to sing to the payday lenders.Straight at them,down their throats,through their letter boxesCan you help me make verses up.I thank you.I will start it off mmm,try to.

1st verse.

Now i am a Credit Union man

Amazed at what i am

I say what i think

That the Legal Loan Sharks stink

Yes i am a Credit Union man.

 

( Phew,that will do for me.Who wants a go at the second verse,or improve on the first.)

I have spotted the posts below.This is so exciting,we will together have the sharks on the run.CitizenB you sure do rock.I have a friend who is in Germany,on tour,a singer amongst other things.I will risk it,send him the tune,see if he will sing these words.,i will risk it,why not.He may,he may not.Worth a try.I think i will play it again.I just hope you can not hear me.

Edited October 19, 2013 by tawnyowl

[citizenB]

I do so love this song..

 

2nd verse...... for TO

 

 

When we meet in the local hall

Ill be starting out small

With a hell of a shout, it's "Out WONGA out!"

And the rise of the Pay Day Loans fall

[citizenB]

3rd verse

 

The union has made me wise

To the lies of the PDLs guise

And I don't get fooled by the PDL rules

'cause I read between the lines

[Tawnyowl]

Ruth's story.You can listen.Thanks Citizenb still working on things.

If i only had time and more energy.

More soon.

http://app.readspeaker.com/proreader/proreader.php?cid=5643&lang=en_uk&url=http%3A%2F%2Fwww.merseymoney.org.uk%2FCentral-Liverpool-Credit-Union%2FRuths-Story&selhtml=

 

And perhaps take a look at this.Comparison between a Credit Union loan and a Doorstep lender.

Never mind a comparison between a Credit Union and a payday lender which has been done.

Also the helping hands loan.

http://www.centralcu.co.uk/Loan-Calculator

 

Save you looking back.

WONGA LOAN----Borrowing £400 + interest & fees £127.15 = Total to repay £527.15 - For 30 Days

 

 

 

CREDIT UNION LOAN Borrowing £400 plus Interest& 8.93 = Total to repay 408.93- For 30 days.

Edited October 24, 2013 by tawnyowl