Calderdale Credit Union

[edit]

1 Review

Representative APR 12.68%

APR ranges from 12.68% - 20.9%

Loan Amount £50 - £5,000

Repayment Method At a collection point

Standing Order

PayPoint

Debited from your benefits payments

CCBC Cash Office

Payout Method Cheque

Transferred directly into your account

Speed 10 working days

How much will it cost?

Will Calderdale Credit Union accept me?

Loan Calculator (Representative 12.68%APR)

Loan Amount £

£50 £5,000

Loan Term months

1 months 60 months

Monthly Repayment

Total Repayment

Loan Amount *

Loan Purpose

Postcode *[?]

Do you have Defaults [?]

Do you have any CCJs [?]

Employment Status *

Age *

Try our Advanced Search

[edit]

Good Stuff

Low APR, no fees, no credit checks, small local service that wants to help you

Bad Stuff

You must have been a member for 13 weeks before you can apply

Verdict

Only have one office with limited opening hours but offer a good service - must live or work in Calderdale to apply

Summary
Lending Criteria
Charges
Similar Lenders

Summary[edit]

You must live or work in Calderdale to become a member.

Credit Unions offer a few different unsecured loans for any purpose. Their loans are fairly cheap and are based on your proven ability to repay, this is why they do a thorough check of your income and expenditures. You need to be a member and you can apply for a loan after you have been saving regularly with them for 13 weeks.

First you will need to become a member of the union. To apply for a loan, you need to complete an application, which you can pick up from their main office or one of their collection points. Loan officers will review your application and if granted, you may need to attend an interview.

The process may in some cases take up to two weeks so this is not a good option for you if you need your money quickly. You cannot manage your loan online so if you need to make changes, you will need to contact them in writing or pop into a branch. With credit unions, the money you are borrowing is the money of other members, so if you fail to make payments, they take this very seriously. Their opening hours are very limited, which makes it difficult for you to go in to organise all your documents and sign your agreement. On the other hand, they want to help you rebuild your finances if you haven't got a good history. Their rates are extremely low and their repayments are really small each month.

Monday-Friday: 9:30am – 4:45pm

You can get more information on additional collection point by calling their Head Office on 012422 393106

[edit]Lending Criteria

Criteria:

Employment:
Full Time Work, Part Time Work, Temporary/Contract, Self Employed, Retired, Benefits, Education, Carer, Homemaker, Benefits - JSA
Residential Status:
Homeowner, Tenant, Tenant - Private, Tenant - Housing Assoc., Tenant - Council, Living with Family, Military Accommodation, Work Accommodation, Student Accommodation
Defaults:
Any number accepted
Time In UK:
At Least 3 Years
CCJs:
Any number Accepted
Loan Purpose:
Debt Consolidation, Home Improvements, House Purchase, Car Purchase, Car (Other), Holiday, Wedding, Boat, Business, Student Loan, Christmas, Other, Home Furnishings, Pay Day Loan

Checklist:

You need: recent bank statements and 2 forms of photo ID
You don't need to have a good credit history
You need to be 18 years of age
It doesn't matter if you are employed, unemployed, on benefits, a carer, a homemaker or on Job Seeker's Allowance, anyone can apply
You don't need to have been a UK resident for any specified length of time
You don't need to have a bank account
You must live or work in Calderdale to become a member