Savings?
Most people in the UK would be able to draw on their savings, but what if you have no savings? We asked our members how much they have saved in easy or instant access account and found that 35% had less than £500.
Coronavirus financial worries have caused some lenders to pause new loan applications and almost all have tightened acceptance criteria. Despite attractive headline rates from Banks or Building Societies, in many cases only 51% of people are lucky enough to benefit from these. Spare a thought for the remaining 49%.
Many applicants may get charged a higher rate or in some cases are not granted the loan at all. So, ask yourself the question. Where would you turn in a financial emergency?
We want you to know, we are here to help. We are a not-for-profit ethical alternative where, you can not only save, but also turn to if you ever need to borrow. Visit: www.serveandprotectcu.co.uk
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