2016 Financial Goals

Bad weather and dark nights tend to keep most of us indoors at this time of year – so why not make good use of your time and make a plan for how you’re going to reach your financial goals for the year ahead.  Here’s just a few ways that Glasgow Credit Union might be able to help you:

Build your savings and your credit history               

If one of your long term financial goals is to build your credit score for the future, then a Share Secure Loan from Glasgow Credit Union offers a great way to achieve this.  Our Share Secure Loan allows you to borrow up to the value of your savings at an exclusive low rate of 5.9%APR.  As your savings are held as security against your loan there’s no lengthy application process, and you have the option of paying off your loan early at any point.  As long as you keep up your monthly repayments, this will have a positive impact on your credit score.

Consolidating existing debts

If you owe money to more than one credit card/store card or have several different loans in place it can be difficult keep track of them all.  This is where our Consolidation Loan could help achieve your goal. With a Consolidation Loan you combine all your debts into one payment and – as well as having the benefit of only one monthly payment – it can save you money too.  Please note – consolidating your debt isn’t for everyone. It may mean repaying the debt over a longer period. As a responsible lender, we encourage members choosing to consolidate their debts to close the accounts with existing lenders, to avoid building up the debt again.

Saving for Christmas

Covering the cost of Christmas can be a huge financial burden for many – often caused by a lack of planning. Make sure you’re prepared for Christmas 2016 by putting a little aside each month into our Christmas Savings Club.

Big plans, but little savings?

If your savings fall short of being able to finance your plans for this year, then a Personal Loan could be what you’re looking for. Glasgow Credit Union loans are easy to arrange and great value with rates from as little as 4.9%APR.  And our handy loan calculators can help you work out how much you can afford to borrow based on how much you can repay each month.  Unlike other credit unions, our loans aren’t based on how much saving you have, or how long you’ve been a member so new members can join and borrow straight away* – instantly benefitting from the many advantages of Glasgow Credit Union membership.

There’s no place like home

Our mortgages come with a range of added benefits such as discounted solicitor and survey fees and are suitable for first-time buyers, those looking to up or down-size and remortgage customers.  Our friendly mortgage team are just a phone call away, and we’re so confident in our great service, that we’ll pay you £100 if we don’t meet our Mortgage Guarantee.

And remember, that whatever your financial goals are for 2016, by choosing Glasgow Credit Union, you’re not only helping yourself, you’re also helping your community – find out how.

* All loans are subject to status and meeting our lending criteria

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