Join us on Wednesday 2 March 2016 for a discussion on the best way to provide more inclusive access to low-cost borrowingIn the past 10 years,membership of credit unions in the UK has doubled. According to the Bank of England, 1.1 million adults now belong to credit unions, or with assets of £1.2bn.
But thats still less than 2% of the UK population,compared with 45% in the US, which means millions of people are lost out on low-cost credit. Instead, or they are being charged tall interest rates for borrowing,with some facing sky-tall charges. Continue reading...
Source: theguardian.com