Frankie W

There's definitely something to be said for credit unions or charities acting as credit unions or even credit unions underpinned by government guarantees as an alternative to people seeking horrendously high interest short term loans. I think the flexibility to be able to have a no-strings emergency cash loan that's repayable on sensible, non-punitive terms is the way forward. However currently credit unions are not always easily accessible requiring users to sign up as members, the loans process can seem daunting and, more often than not, these are limited to sums of say £200+ whereas people often need say £50 just to cover an unexpected shortfall (for example being off sick for a day having affected your earnings that month or energy payments higher because its been colder than expected that month or even just an unexpected cost like a school trip to pay for or kid's damaging their uniform/something breaking in the home like a hoover or a kettle).