Help with finances

Help with your finances

We want to help everyone in the community to build up some savings and to be able to borrow responsibly. We want you to be paying lower rates of interest and believe we are one of the lowest cost lenders for most people.
 
When you are a member with regular savings we can help you reduce your other outgoing repayment with a consolidation loan.
 
We help you calculate what is affordable for you, and offer a loan that will allow you to repay other higher-interest loans. This loan will allow you to save more and you will pay a reduced rate of interest; it can help get you back on an even keel.
 
Looking for free and impartial financial advice?
 
Free and impartial money advice is available from the Money Advice Service, which was set up by the UK government. Their site includes a range of useful tools, including a household budget planning tool.
 
If you need advice about your money situation, need to complain about faulty goods, or to talk to someone about we’re here to give you advice.
 
Arranging for your benefits to be paid into your Stirling Credit Union Account
  • If you receive benefits under the old system find out how they are paid, and how you can arrange for them to be paid into your Stirling Credit Union account.
  • In receipt of the new Universal Credit, find out how it's paid.
  • If you need help setting up your benefits or universal credit payments, speak to our helpful and knowledgeable office staff.
 
Struggling with debt?
 
  • Free, award-winning, debt counselling and support may be available in your area. Visit Christians Against Poverty (CAP), a registered charity. Enter your postcode to check if they cover your area or call their free helpline 0800 328 0006.
  • Get free advice from Step Change a debt counselling charity.
  • It's also worth having a look at the Money Advice Scotland site.
 
 
Struggling to get a current account?
 
Stirling Credit Union provides savings and loans, but we do not provide a current account (yet!).
 
  • A current account enables you to pay regular bills, withdraw money and make payments to retailers using a debit card and/or chequebook.
  • If you have had money problems that have affected your credit rating, you are likely to find you don't qualify for a standard current account. This can make life difficult.
  • A fee-free basic bank account may be worth considering if you can’t use or open a standard current account. You can this account to receive money and pay bills, but it doesn’t allow you to use an overdraft. Major banks offer a basic bank account, but their conditions vary.
 
Visit the Money Advice Service's helpful information pages.
 

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