19 June 2023
Credit unions can offer more affordable finance options for borrowers
Young borrowers are said to be more likely to turn to high-cost pay-day loans than community lenders as 7.7 million under 35-year-olds are financially vulnerable
- Some 19% of 25-34 year-olds said they would turn to high-cost credit if needed
- Credit unions can offer more affordable finance options for borrowers
- Estimated 17.6 million UK adults are financially vulnerable, but 1 in 6 say they would be too embarrassed to seek support if they were in financial difficulty
Click link to read more Young Borrowers urged to consider Credit Union Loans