Loan Required: (other than Bank or Payday loan) Quickly

[gaz1250]

Have a look hear basically you borrow other members savings.

 

http://www.abcul.org/credit-unions

 

Thanks, I get that bit but can u walk in off the street and borrow a £1000 say. Or do u have to be a member and build up before lending

[kidley]

Hi

To the best of my knowledge you have to live in the area that the credit union is in, and before they will give you a loan you have to prove you can save, there was some body that came on S/F who ran one of these who explained it, you cannot just walk in and ask for a loan you have to prove your self first

 

This explains it in a bit more detail

http://www.adviceguide.org.uk/england/debt_e/debt_borrowing_money_e/debt_types_of_borrowing_e/debt_loans_e/credit_union_loans.htm

http://www.citysave.org.uk/index.php?option=com_content&view=article&id=22:how-does-a-credit-union-work&catid=17:about-us&Itemid=11

Edited March 12, 2013 by kidley

[marmalade3]

Hi

Really sorry to hear your trouble - you must get to a Credit Union asap they are situated in Aizlewood's Mill on Corporation Street - they will help you - do not go to a loan shark you will never pay the debt off

[kidley]

Hi

Really sorry to hear your trouble - you must get to a Credit Union asap they are situated in Aizlewood's Mill on Corporation Street - they will help you - do not go to a loan shark you will never pay the debt off

 

He will not get any instant help at any credit union, read above post

[marmalade3]

Yes I know that the loan wouldn't be instant - I helped set up the Credit Union on Woodthorpe - but at least he would be in the system and they can advise him on what to do next - rather than be fed to the sharks

[kidley]

Yes I know that the loan wouldn't be instant - I helped set up the Credit Union on Woodthorpe - but at least he would be in the system and they can advise him on what to do next - rather than be fed to the sharks

 

 

Hi

 

But the OP wants one Quickly, and its six weeks since he/she posted. but yes i agree with you, if you can save a bit of money each week it is a good idea to join one, i think i am right in saying their interest rate's are sometime's better than a bank.

[derekduvalle]

yeah provident are really high

[kidley]

Come on tell us all who this nice person is that will lend out £1500 on a whim to someone they don't know

 

 

 

And not a Shark, this world is getting better.

[marmalade3]

Kidley - yes the interest rates attached to Credit Unions are much lower than a banks and they will help without all the credit checks (well that was the last time I heard).

Banks for the people run by the people - we ought to get that on a banner - sounds familiar!

[catpus]

Morning

 

I need a £1500.00 loan... I have bad credit from my past and cant get credit anywhere. I don't have family that can help me i'm not looking for people to comment saying I don't need a loan etc.

 

If you can help me or know of a private loan shark please can you private message me.

 

I'm looking for £1500.00 for 24 months.

 

The reason I am wanting this is to consolidate my debts so I have one monthly payment.

 

Thanks guys

 

Ask your local CREDIT UNION for advice and a loan, but I believe you have to pay in and only get a multiple of what you've paid in - don't quote me... And if you really can't get any joy there, then contact CONSUMER ADVICE who will help you pen a letter to your Creditors offering to pay them a minimum amount.. it could be even as low as £1 a week until you can get on your feet, and it's legal. Most Companies would rather get something, than nothing.

Failing this just file for BANKRUPCY, and learn from your mistakes? That's what life is all about - learning.

But avoid Loan Sharks completely... out of the fat into the fire???

Good Luck.