We recently helped a member regain control of their finances through our Signature Loan, saving them thousands of pounds in the process.
Struggling with High-Interest Debt
The member had accumulated several loans with high-interest lenders, including one loan of around £10,000 with an interest rate of over 40% APR.
Over a five-year repayment period, this loan alone would have resulted in around £12,000 being paid in interest —more than double the original amount borrowed.
Managing multiple repayments had become stressful and difficult.
Finding a Solution
Our Loans and Member Services Team were able to provide a solution that consolidated all existing borrowing into one affordable £15,000 Signature Loan.
This meant:
- One manageable monthly repayment
- Lower overall repayment costs
- No more dealing with multiple lenders
- Greater peace of mind and financial stability
As a result, the member is now saving approximately £300 per month, while also saving at least £10,000 in interest over the long term.
“It Has Given Me a Fresh Start”
Following completion of the loan, the member shared the following feedback with our team:
“Ryan thank you so much, you don’t know the weight I feel lifted already! I now have everything cleared off and knowing I don’t have to worry about that anymore or get anymore communications from elsewhere is great. It has given me a fresh start, so thank you.” - Abigail
Choose YOUR Credit Union
Too often, people turn to high-interest finance without realising the long-term cost.
If you are struggling with debt or worried about rising repayments, speak to us before the situation becomes a bigger concern. We may be able to help find a more affordable solution tailored to your circumstances.
Signature Loan
Designed to help members who need to borrow a larger amount NOW without the requirement of 20% shares.
- Borrow between £5,000 to £15,000.
- 9.9% APR.
- 20% PLEDGED SHARES NOT REQUIRED!
- Available* to NEW members once their account is opened.
- Available* to members with a smaller savings pot.
- FREE LIFE COVER up to age 70 years.
*Ts and Cs apply
Get in touch today!
- ONLINE BANKING APP **not yet registered? More detail HERE. You must contact us first to activate your online account.
- EMAIL creditunion@harpandcrown.co.uk
- CALL INTO OUR OFFICE at Newforge Sports Complex and Event Hub.
- OR PHONE 028 9068 5198.
The Harp and Crown Credit Union has been providing safe, ethical and flexible finances for the Police and wider Police family in Northern Ireland since 1998.
