East Sussex Credit Union (ESCU), a locally based not-for-profit savings and loans co-operative, has launched ‘New Year, New You’ a month long campaign that will reduce the cost of larger loans by a full 1.00% AER – throughout January 2015.
THE CAMPAIGN aims to help tackle the issue of post-Christmas spending and debt, helping individuals and families by providing an ethical alternative to expensive credit card borrowing, high interest or payday lenders.
Ann Hickey, General Manager at ESCU, says: “January is generally a time of financial reckoning for most people as they look to balance the books and plan ahead for major items of expenditure. We want to help people with this challenge by offering even more affordable loans and at the same time keeping them from the clutches of predatory, high interest lenders”.
The scheme does not charge any arrangement fees and all loans include a mandatory savings element, meaning that come the end of the loan period there is a cash sum that can help create a buffer in the event of unexpected future bills.
The reduced rate loans can be used for consolidating existing loans so that payments become more affordable. Alternatively they can offer a competitive option for those looking to fund future home and family projects.
The ‘New Year, New You’ reduced rate offer is exclusively available for loans agreed from 1st-31st January 2015 for new and existing members of East Sussex Credit Union and for loan values from £4,000 up to £15,000 net.
Anyone can join as long as they either live or work in East Sussex or Brighton and Hove, or are a member of the UNITE union in the South East of England. Membership is also available to unemployed people and people without a clean credit history.
To find out more, click here:
Or call the loan-line on: 01273 234 858.
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