This article about doorstep lenders appeared in the News and Star, a newspaper in Cumbria. It highlights the issue of doorstep lenders, and shares how the local churches and community are fighting back against the high interest loans which legal and illegal doorstep lenders are offering. One of their key strategies is promoting Credit Unions.
£3 MILLION OWED TO HIGH-INTEREST DOORSTEP LENDERS IN CUMBRIA
By Chris Story. An estimated £3 million is owed by people across Cumbria to doorstep lenders with high-interest loans.
And church leaders hope to step up the part they are playing in the fight against poverty as 15 per cent of children in Cumbria are now classed as living in poverty.
The financial plight faced by many will fall under the spotlight at a conference later this month.
Churches Together in Cumbria is holding the event to forge new links with others involved in the battle to eradicate poverty in the county.
Helen Boothroyd, the organisation’s social responsibility development officer, said: “Churches are on the ground in every community in Cumbria.
“We have a great opportunity to really get stuck into tackling poverty in those communities, especially through helping develop and promote credit unions.”
It is estimated that more than 10 per cent of Cumbrian residents have no bank account and that 70 per cent of social landlord tenants have no home contents insurance – with potentially devastating costs if disaster strikes.
Churches Together in Cumbria – fighting back against doorstep lenders
Credit unions are already well established in Cumbria with about 9,000 members.
They include those in Carlisle and Allerdale, while efforts are underway to establish a new group in Eden.
Churches Together, the umbrella body for the main Christian denominations in the county, already plays a part in promoting financial inclusion, but would like to develop that work further.
Church buildings are often collection points for credit unions with Wigton and Seascale Methodist Churches among the latest to join that list.
Helen added: “Church members are already volunteering around the county to help staff these collection sites and to take leading roles in study groups to set up new credit union services.
“This conference is intended to show even more people how they can get involved in credit union development and other ways of tackling the problems of financial exclusion in the places they live and worship.”
The gathering, in Barrow’s Trinity Church Centre on June 22, will include representation from the north and west of the county.
Speakers will include Oliver Pearson, the Cumbria County councillor responsible for communities, and Gordon Henry, Cumbria Credit Union development coordinator.
First published at 11:29, Tuesday, 14 June 2011
Published by http://www.newsandstar.co.uk
Thanks for reading this article about doorstep lenders. If you have struggled paying back a high interest loan from doorstep lenders, and you live in the Angus area, then contact Angus Credit Union on 01307 463388 for help to get you out from under the thumb of doorstep lenders.
Best place for loans in Brechin
Do you live or work in the Brechin area? If so you will be interested to find out the various loan companies in Brechin. Whether it’s needed for Christmas, a holiday or an emergency repair, it’s good to know ahead of time where you can access loans in Brechin.
There are few companies in Brechin who offer loans. When I searched online I was thrown around from website to website trying to track down loans in Brechin. If I wanted to speak to someone in person I had to go to Montrose or Dundee. Let’s compare the rates these companies offer with Angus Credit Union’s low cost loans. Angus Credit Union are based in Forfar, but have customers all over the Angus area.
Provident Personal Credit – 272.2%
Loans at Home 4U – 399.7%
Greenwood Personal Credit – 433.4%
Shopacheck – 399.7%
Morses Club – 469.8%
There is a better choice for loans in Brechin!
Angus Credit Union offers value for money when you are looking for loans in Brechin. At only 12.68% we are supporting people in Angus so they can stay away from high-priced lenders who hide their high interest rates behind phrases like, “Only £5 per week payments”. It’s not always clear just how much interest you are paying, and may people get stuck paying back loans for way too long.
At Angus Credit Union we offer clear thinking for loans in Brechin. Call 01307 463388 to speak to one of our friendly staff about our £100 Starter Loans. After completing our application form, with the help of our staff, you’ll soon have your loan money for whatever reason you need it.
Angus Credit Union – The better choice for loans in Brechin!
If you would like to speak to someone about loans in Brechin, enter your details below and we’ll call you back! Or feel free to give us a call on 01307 463388.
More information about our low cost Loans in Brechin
Calling Arbroath Cricket Club Junior Members!
Angus Credit Union offering great prizes to junior members of Arbroath Cricket Club!
Every junior member of Arbroath Cricket Club who joins Angus Credit Union’s junior savings scheme “Smiley Savers” will be entered into a draw to win fabulous Cricket Equipment!
All you have to do is fill in the application form, which was given out at the beginning of the season, and send it in to Angus Credit Union, or hand it in to Arbroath Cricket Club.
The deadline for entries is 30th June 2011, so don’t delay!
Arbroath Cricket Club Junior program
Arbroath Cricket Club offers a great training program for young people interested in learning how to play cricket, with primary school age children training sessions starting on Friday evenings 6-8pm and secondary age children meeting on Monday evenings.
The commitment and dedication of the coaches at Arbroath Cricket Club is outstanding. It is well supported by parents as well, with many parents and family members staying to watch their children having their coaching, and enjoying a relaxing seat outside the clubhouse with a nice cold drink from the bar!
The junior program is still accepting members, so why not give cricket a try?
Angus Credit Union sponsors Arbroath Cricket Club
As well as our junior cricket prizes, Angus Credit Union is sponsoring Arbroath Cricket Club with a banner around the ground. ACU has sponsored ACC for a number of years now, and we’re happy and proud to do so.
Angus Credit Union – proud sponsors of Arbroath Cricket Club!
Winning the title for the first time in 133 years was an amazing result, and we look forward to following your progress in the 2nd Division next season!