Financial Wellbeing - Debt and Credit Unions
This page outlines how you can access advice as well as financial aid for debt or other sudden payments that you must make.
Why a Credit Union?
Did you know? (based on www.moneysavingexpert.com/loans/credit-unions/)
- A credit union is a community savings & loans provider, owned by its members.
- Credit unions are not-for-profit
- Credit Union members share any profits made, instead of paying outside shareholders, like most other financial institutions.
- Credit unions are for everyone! This can often mean helping those who can’t get access to ordinary bank products
- They are a welcome alternative to payday loans or doorstep lending, because they offer much lower interest.
- Your money is safe - credit unions can’t lend out all their members’ savings or plough the remainder into anything that carries too much risk. All money in savings with credit unions has the same FSCS Government protection as bank savings accounts.
Sussex Credit Union
Click on the buttons below to locate a Credit Union in your area.
Christians Against Poverty
Christians Against Poverty is a national organisation specialising in debt counselling for people in financial difficulty, including those in need of bankruptcy or insolvency.
They are on a mission to release thousands of families from grinding poverty through award winning debt counselling and community groups. By equipping and empowering local churches to reach out on their doorsteps, they are bringing hope to tens of thousands of people every year.
Where to Get Free Debt Advice
The Money Advice Service Debt Advice Locator Tool lists organisations that provide free help to people and hold an accredited quality standard. If you’re struggling with debt, it can be hard to know where to turn. But with lots of free advice services available. Don't struggle alone - there is help available.