Credit Union- savings and loans

[catch22]

https://ssl.commsave.co.uk/" onclick="window.open(this.href);return false;

Just thought, for those of you who wouldnt know. This is a really good way to save money- they take it direct from your wage, and put it in a savings account, £10 a week, equates to £520...

They also do loans with very low interest rates, so if you have £100 in your savings account, you can apply for a loan of £500. and pay back £530 over a period of 52 weeks, repayment is £11.50 a week.

So for those of you stressing over the bonus- this was my back up plan- as my family dont have that much. At least if we do get a bonus, i can just pay off this loan... And we will have a good christmas now.
And if i can sort it, we've cracked it for next year too.


as long as you have £100 you can apply for loan mine was granted in 24 hours and paid by bacs... so technically you could set it up, pay £100 straight in and apply for your first loan.

[demon]

yes and there great and easy to do and the staff are really nice on the phone and there savings interest is good aswell

[notts1862]

But remember if a person from the same family owes commsave any money whether you have nothing to do with the other persons debt they will refuse any loan. So be aware make sure your family dont default on there loans.

[billyboy123]

says you must live at same address as a credit union member or have i read it wrong ?

[catch22]

read it wrong.
unless referring to debt.
My credit rating is dreadful, but i've not had an isue.

[notts1862]

Nothing to do with your credit rating its if an other family member who owes them money. Then they will you will be refused credit. My son left Royal Mail 3 years ago owing money and apparently i am responsable.

[clashcityrocker]

If everyone uses a Credit Union how are those payday loan companies going to survive?

[catch22]

If everyone uses a Credit Union how are those payday loan companies going to survive?

not everyone has option of credit union- but thats what i was using before discovering this...
where if i got £100, i would repay £130.
it costs me same amount of interest for repaying £500 in 12 months. £30. Bit nuts really, as long as you've saved some money with them.
hopefully we'll get good news this week, which will help everyone, but if we dont, then there is always this.
either way though, its a good way to save.

[cweg]

Is this the best one to use? I've seen http://www.1stclasscu.co.uk" onclick="window.open(this.href);return false; and http://www.pennypostcu.com" onclick="window.open(this.href);return false; as well.

[CLINTEASTWOOD]

Hi
ive just applied for a christmas loan with them not sure if i will get it though.ive been saving £15 per week for 3 months with them but i withdrew most of it a couple of weeks ago.do they do credit checks?

[Scotland1]

Yes they do but, it comes
Off ur wages and with a Xmas loan, u only need £1 in savings, so u should get it no probs

[CLINTEASTWOOD]

Yes they do but, it comes
Off ur wages and with a Xmas loan, u only need £1 in savings, so u should get it no probs

cheers fel better now

[maisymoo04]

Penny posts better in West Midlands mail centre