Many people will have seen recent news coverage which has seen the Chancellor, George Osborne, take action on ‘payday loan’ firms who often charge extremely high interest rates on short term loans – often to hardworking but financially pressed people.
An alternative, more sustainable way to spend and save comes in the form over local Credit Unions. I was recently passed information at the Liberton and District Community Council regarding the Castle Credit Union which operates locally.
The Castle Credit Union visits Gilmerton Community Centre, Room 8, every Monday between 1.30-3.30pm.
Loans, crucially offered at far more at reasonable rates than those of payday loan firms, are available after three months of savings.
For those looking at their spending and saving, a visit to the Castle Credit Union, or indeed another local credit union, may be of help and provide a more affordable alternative to the highly advertised payday loan firms.