Derbyshire County credit unions

The Derbyshire County council provides many schemes to low income families or those facing an emergency. In some cases, they recommend the use of a credit union as a source for low interest rate loans to pay for bills or other needs. The authorities will always recommend them as an alternative to payday lenders as well as some high priced banks.

There are as many as 5 credit unions that partner with the government. They are listed below. Each of them is set up as a not-for-profit organisation. This will allow them to loan money to families at a much lower interest rate than other lenders that need to pay higher overhead to operate. The credit unions also operate a number of other financial services for their clients, ranging from budgeting to debt management, provide information on mortgage products, and more.

To apply for help (such as loans or information on debt reduction schemes) at one of these Derbyshire credit unions, the person needs to be a member of the co-operative. Each of the lenders have their own criteria in place to join. The customer support teams can go over the process.

They also provide services to some areas of the county, and that is noted below. There may be a small cost to become a member, but some of the credit unions will allow people to enroll for free. hen using a credit union for financial aid to pay for bills, always also enroll into their other services, such as budgeting. As they can help the family gain fiscal stability. Call an organization for more information on the application process as well as the terms of the loans. W

Chesterfield and North-East Derbyshire Credit Union covers those two towns. Ring 01246 278833. The credit unions stresses savings of its members, and they operate a Junior Savings scheme. Loans are provided to members at a low APR as well as free advice. Post is 4-6 Soresby Street, Chesterfield, S40 1JN.

Money Spider covers the areas of Burton on Trent as well as South Derbyshire County. The post is is 46/48 Grove Street, Swadlincote, DE11 9DD. Call 01283 214434. A savings deposit is required to join. This credit union is also regulated by the Financial Conduct Authority, as they all are.

2 Shires Credit Union provides life insurance in Derbyshire County, Budget Accounts, personal loans for paying bills, and more. The post is Queen’s Buildings Annex, Potter Street, Worksop, S80 2AE, and ring the credit union at 01909 500575. They provide help to families in Clowne, Bolsover, Creswell, South Normanton, and Shirebrook.

Manchester Credit Union provide free advice, loans, and financial support in High Peak. Ring the organization at 0161 231 5222 to become a member.

Erewash Credit Union – Derbyshire Community Bank has a telephone number of 01332 348144. The personal loans provided can be as much as 15,000£ and the APR as low as 4%. That amount of money can be used to buy everything from cars or to consolidate debts or pay other bills. Phoenix Street, Derby, DE1 2ER.

If those lenders do not work for the family, or anyone that needs linkage to other financial aid or welfare programmes, can contact the Derbyshire County Council. The post is Matlock, Derbyshire, DE4 3AG. The team can provide county residents free information on welfare schemes, housing, and other safety net programmes.