Just looking into savings options for life after our trust deed and wondered if anyone had anything good or bad to say about credit unions? I always thought they were for people on benefits to save up for xmas but really have no idea about them.
Thanks folks.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
I think credit unions are a good thing if you have one close to you.
There are several police forces who run credit unions. They are a good thing.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I was with a credit union throughout my iva. When the iva finished they agreed a loan to finance a car. Stating they look at ability to pay and if I can pay an iva for five years then now its finished I can afford the loan.
My daughter is in a credit union and has nothing but good things to say about it, I assume they all run within one set of guidelines so other than the staff's attitudes I would say they must all be the same.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
I have a savings account with our local credit union and also had a current account with them. I cancelled my current account because they started charging a pound a week to keep current account open. Yes I know I'm being tight fisted for closing my current account but if I'd have kept it open it would have cost me £250 whilst in my Iva.
I've got an esavings account with Barclays and that does for me.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
The NHS do one up here(wife could join) and I can join the big transport one. They both paid a dividend last year of double and a bit more than any other basic saving account.
Cant believe I am talking about saving money!!!!
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
They are very popular in Northern Ireland Paul, and a lot of my former clients are finding them a good way of savings - but anything is good so long as you are disciplined and you earn a good rate of interest.
Thanks Mel,I noticed that figures show 50% of people in Northern Ireland are members of credit unions,its lower in Scotland but they seem to offer a good way of saving and perhaps a safer way to borrow small affordable amounts.
I cant believe we may actually manage to put some money aside,its a very alien concept to us.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
You have done so well and are a shining example of someone who has seriously wanted to address their debts and has done so. Hope you will stick around once the PTD is over!
Well the co operative bank have turned me down for their basic saving account which involves no credit whatsoever yet I failed the credit check!!! Rather amusing,and looks like the spare money(after fixing roof,fence and wall),will be going into a credit union.
Paul(arent banks silly)
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
