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Leeds Credit Union (LCU) has launched its largest-ever Christmas loan campaign, aiming to save local residents \u00a320 million in interest charges this festive season.<\/p>\n
The not-for-profit lender is encouraging people in Leeds to avoid costly doorstep lenders and unregulated loan sharks, which have recently been found to charge interest rates as high as 466% APR.<\/p>\n
This year\u2019s campaign builds on the success of previous Christmas initiatives and follows fresh feedback from members facing greater financial strain amid rising living costs.<\/p>\n
To help families manage festive spending responsibly, LCU is offering affordable and flexible loans ranging from \u00a3250 to \u00a325,000, available between October and Christmas. Members can tailor repayment plans to suit their circumstances, ensuring access to fair credit when it\u2019s most needed.<\/p>\n
James Brown, CEO of Leeds Credit Union, said:<\/p>\n
\n\u201cEvery year, our members tell us that Christmas brings added financial pressure, and this year those pressures are sharper than ever.<\/p>\n
\u201cBy turning to Leeds Credit Union for support, our members collectively save around \u00a320 million compared to what they might otherwise pay in high-interest loans. As a not-for-profit organisation, every pound we save or earn goes back into supporting our members and the wider community.<\/p>\n
\u201cAffordable credit doesn\u2019t just prevent debt, it provides dignity, stability, and peace of mind at a crucial time of year.\u201d<\/p>\n<\/blockquote>\n
Applications for the Christmas Loan are open now via the Leeds Credit Union website<\/strong><\/a> or at local branches across the region.<\/p>\n
Leeds Credit Union serves more than 37,000 members, offering savings accounts, personal loans, and financial education resources \u2014 all designed with the community\u2019s best interests at heart.<\/p>\n
This post is based on a press release issued on behalf of Leeds Credit Union<\/strong><\/a><\/p>\n
Photo: Shutterstock<\/p>\n
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