Credit union offers help to Rossendale people

3:46pm Tuesday 8th January 2013 in News

MID-ROSSENDALE Credit Union is offering to help people keep their new year resolutions and stay out of debt.

Manager Michele Tarrant said more Valley residents were signing up as they were fed up with ‘faceless’ online lenders.

The message came after Rossendale Citizens’ Advice Bureau revelealed it had dealt with more than £13million of debt in 2011/12.

Grandmother Shelia Lynch, 56, from Edgeside, said the credit union was ‘worth its weight in gold’.

She said: “I save up in the Christmas Club, as do my daughters, and it makes it easier to afford Christmas when it comes “And, if I need a bit extra, the loans are at reasonable interest rates.”

The credit union, one of three in the borough, granted 328 loans, worth £230,000, in 2011/12.

Comments (3)

11:02pm Tue 8 Jan 13

2 for 5p says...

You dross why not use banks
You dross why not use banks 2 for 5p

11:02pm Tue 8 Jan 13

2 for 5p says...

You dross why not use banks
You dross why not use banks 2 for 5p

12:53pm Wed 9 Jan 13

AndyD123 says...

2 for 5p wrote:
You dross why not use banks
A bank is run for profit. A credit union is not and often has lower rates than a bank.

So ... why not use one?
[quote][p][bold]2 for 5p[/bold] wrote: You dross why not use banks[/p][/quote]A bank is run for profit. A credit union is not and often has lower rates than a bank. So ... why not use one? AndyD123

Comments are closed on this article.

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