Saving and Borrowing

Lets Talk Loans

More and more people are finding themselves faced with debt problems and one of the easiest ways to fall into debt is by taking out a loan from a doorstop lender.

• Have you ever been approached by a doorstop lender?
• Do you know the APR costs they will charge you?
• Do you really know how much you will have to repay?

The Reality!

By taking out a loyalty loan of £100 over one year you could repay as much as £215 back to the lender.

However there is an alternative.

Credit Unions offer a safe and friendly service and can be used by anyone living or working in Stockton and the surrounding areas.

By taking out a loan of £100 over one year with the Credit Union you would repay just £106.61.

Savings and Withdrawals

Some organisations limit how much can be saved and restrict when it can be withdrawn. With the Credit Union you can save as much or as little as you wish and can withdraw whenever you wish to do so. You can save by setting up a standing order so if you prefer, you don't even have to leave the comfort of your own home.

Credit Unions have collection points in local public buildings, such as Community Centres and Libraries which are conveniently located and easily accessible.

For more information on joining your local credit union contact

Tees Credit Union

South Thornaby Community and Resource Centre

Havilland Road

Thornaby

Stockton

TS17 9JG

Telephone 01642 753517 or 753511.