WARNING:LOAN SHARKS…avoid getting into deep water!

Desperate times and desperate situations often force people to use desperate measures…loan sharks and doorstep lending poses a great burden on the most vulnerable in our society, especially during the winter months. 

Borrowing even a small amount of money from these ruthless individuals can end up costing people a whole lot more than they bargained for!

As part of their financial inclusion policy, Friendship is working in partnership with credit union Clockwise in Leicestershire and Citysave in Birmingham.  They are encouraging their customers without an income or on very low earnings and who may have been excluded from using main high street banks and building societies to join and use this safe option.   Like other credit unions, Clockwise and Citysave do not charge high interest on loans and repayments are tailored to suit each member’s personal situation.

Check the difference… Anyone who borrows money from unethical lenders, like loan sharks can and do charge anywhere up to and beyond 1000% APR or doorstep lenders that charge between 300% to 400% APR.