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Spotlight on payday loans misery

18/11/13 15:18

Spotlight on payday loans misery: People across Scotland are being urged to consider credit unions as an ethical and affordable alternative to payday loans. The '12 Days of Debtmas' campaign is aimed at people who may get into financial trouble in the run-up to Christmas by using high interest, short-term credit.

Over 350,000 people across Scotland are members of credit unions; co-operatives that are owned and managed by the people who use them. Members are encouraged to save monthly, even if it is only small sums. They can borrow at competitively priced rates and in some cases, in a short timescale.

People across Scotland are being urged to consider credit unions as an ethical and affordable alternative to payday loans. The '12 Days of Debtmas' campaign is aimed at people who may get into financial trouble in the run-up to Christmas by using high interest, short-term credit. Over 350,000 people across Scotland are members of credit unions; co-operatives that are owned and managed by the people who use them. Members are encouraged to save monthly, even if it is only small sums. They can borrow at competitively priced rates and in some cases, in a short timescale.

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