Previously referred to as Surrey Save, Boom! Credit Union is western Sussex and Surrey Save working together to give a safe and alternative that is ethical payday lenders and lease to purchase shops.
Why is them various?
Boom! Credit Union encourages everybody else to even save borrowers. Yes, you are able to save yourself in the time that is same borrowing, confident when you look at the knowledge that the cost cost savings assist other people in where you live with affordable loans. It really works because element of the debt repayments get into a tiny family savings that matures if the financial obligation is repaid. Debt gone вЂ“ while the reward can be your savings going to your banking account.
Boom! Credit Union in fact is the alternative that is local your family title for individual, friendly, regional preserving and borrowing in Surrey. This can be money that is local to greatly help residents. Along with your cash is 100% safe as the UK protects it Government’s Financial Services Compensation Scheme (FSCS).
Therefore then don’t delay вЂ“ apply today via Boom if you want to start saving for a holiday, have an unexpected bill or just need some help to get your finances back under control! Credit Union. As a Council worker you’re getting a loan rate that is preferential. The application is private too вЂ“ payroll will maybe not understand if you will be a saver or a debtor.
But try not to simply take our term because of it. ItвЂ™s this that certainly one of our clients stated about us, «My financial obligation problems have now been resolved. i’m a million times happier. On the top of that I have a cost savings plan set up that we never ever thought i’d have the ability to attain!»
Just how much am I able to borrow?
Such a thing from ВЈ100 to ВЈ10,000*.
Simply how much would i must spend in interest if I sign up for that loan?
Surrey County Council workers obtain a preferential loan rate that will be less than that provided to other customers. The rate we are able to offer is determined by your needs as well as the quantity you borrow. Utilize our loan calculator to get more details.
Are not here cheaper prices available regarding the high-street?
There might be, nonetheless many people like those on low incomes or and also require a bad credit rating might find it more challenging to obtain that loan. Boom! Credit Union provides a cheaper, safe option to payday or doorstep lenders and rent-to-buy shops.
Any kind of other costs?
What the results are if I would like to early repay the loan or my circumstances alter?
There are not any charges if you repay the mortgage early. We realize that unforeseen things can happen that could sometimes allow it to be tough to continue with loan repayments. In such a circumstance to you personally please get in contact so we can workout the way we can most readily useful assist you to.
The length of time does it try obtain the cash?
Then we may be able to get funds to you on the same day if you have borrowed from us before. Or even, this may use up to 4 trading days.
Will my company find out about the mortgage?
Any correspondence you have got with Boom! Credit union is wholly private. The only information Surrey County Council gets from Boom! Credit Union will be your ask for deductions via payroll.
Do you know the rates for savers?
Boom! Credit Union delivers a place that is safe your cost cost savings. Cash is 100% fully guaranteed beneath the Financial solutions Compensation Scheme. As an incentive for saving with us we spend a yearly dividend frequently in April. Final we paid a dividend of 1% year. The total amount we spend is agreed by our people at our Annual General Meeting.
How to apply?
Obtaining a cost savings or loans account is straightforward вЂ“ just look at the Boom! Credit Union website and fill out the application that is online payroll deduction types, e-mail us at , or call 01903 237221 10am вЂ“ 3pm Monday to Friday.
Why perhaps you have changed your title from SurreySave to Boom! Credit Union?
SurreySave people voted in preference of a merger between SurreySave and western Sussex Credit Unions (WSCU) at two Unique General Meetings on 8 th August and 1 September that is st 2016. It has produced a more substantial, economically stronger, merged organization that will make sure the term that is long sustainability of this Credit Union motion in Surrey and Kingston.
Where can I get assist if i’ve issues about cash?
You are able to contact the worker Advice Programme on 0800 243 458, or even the cash information Service 0300 500 5000.
About West Sussex and Surrey Credit Union
West Sussex and Surrey Credit Union is a residential area, economic co-operative owned and run by its users for the people. It offers an ethical alternative that is local both main-stream financial companies and pay check loan providers.
129 Montague Street, Worthing, Western Sussex BN11 3BP. Authorised because of the Prudential Regulation Authority and managed by the Financial Conduct Authority therefore the Prudential Regulation Authority. Firm Ref: 475226. All deposits are protected underneath the Financial solutions Compensation Scheme.
All loans are susceptible to credit and affordability checks.