Here are some handy tips to help you when you borrow money, take out a loan or use credit cards:
- spend time shopping around, researching what’s on offer and getting advice. You may think it will take too much time if you need a loan quickly but you’ll be paying the price for years to come if you don’t
- always look at the total amount you will have to repay when borrowing money. A shorter repayment period may be better than a slightly lower Annual Percentage Rate (APR) amount
- make sure you know the difference between secured and unsecured loans. A secured loan means you can lose your home if you don't keep up the repayments
- work out your budget before you borrow to make sure you can afford the repayments
- never borrow money on the spur of the moment. If you're buying something really expensive such as a car or furniture, think about payment options beforehand. The credit offered by the sales staff may be more expensive than other options
If you need help from The Co-op Credit Union contact us:
- Join your credit union today for an easy and convenient way to save, and a cheaper way to borrow.
- Membership is open to employees, pensioners and members of a range of co-operative organisations. We also welcome family members over the age of 16, living at the same address.
- Phone: 0345 602 3554 – call-back service. Please leave a message clearly stating your full name, membership number, contact telephone number and the nature of your query we will get back to you the same day if message left before 3pm, or if after 3pm we will call you back the next working day.
- App: Chat via our secure and convenient messaging app, Nivo, during office hours and we’ll get back to you ASAP. NIVO https://links.nivohub.com/dt?i=87910b34-7253-4db6-9c00-f6e062ab833f&b=3189e31d-e882-4e11-8160-27589f924b4b
- Email: credit.union@co-operativecreditunion.coop. Note: any emails sent to our old address (credit.union@coop.co.uk) will be automatically forwarded. We will service these enquiries as normal.
- Postal address: 1 Angel Square, Manchester, M60 0AG. (Note, the office is closed to walk-in visitors).