Thursday, 31 December 2009

The Borrowers ??? keeping your debts small

Lending to an insolvent may seem like throwing good money after bad, but if it is such a terrible idea why are there so many loan sharks?

Zerocredit_UK believes there are always emergencies you cannot immediately finance so you need a backup. After saving for three to six months, most Credit Unions allow you to take out a small loan, usually around three times what you have saved so far – so at £20 a month that's two or three hundred quid. Rates are very reasonable too and certainly not the 400% plus APR peddled by sub-prime lenders.

Want a say in how we do things?

For £1 a year, Zero-credit membership
is open to anyone, 
aged 16 or over
with personal experience of debt.

Come on, join us today!

Post a Comment