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Alternatives to payday loans

If you're on a low income, receiving welfare benefits, or have been turned down for a loan by a high street bank you may have thought of taking out a payday loan or considering other high-risk options such as loan sharks.

Credit unions can offer a better alternative with loans at much lower interest rates. They are financial co-operatives owned and controlled by their members. They offer savings and great value loans plus they are local, ethical and know what their members want.

Credit unions

Money Spider Credit Union

46/48 Grove Street
DE11 9DD

Tel: 01283 214434
Visit  Money spider Credit Union
Area covered: South Derbyshire and Burton on Trent

Derbyshire Community Bank (trading name for Erewash Credit Union)

Phoenix Street

Branches at Long Eaton, Ripley and Alfreton

Check opening times and location.

Tel: 01332 348144
Area covered: Derbyshire

Chesterfield and North-East Derbyshire Derbyshire Credit Union

4-6 Soresby Street
S40 1JN

Tel: 01246 278833
Visit Chesterfield and North-East Derbyshire Derbyshire Credit Union
Area covered: Chesterfield and North East Derbyshire

2 Shires Credit Union

Queen’s Buildings Annex
Potter Street
S80 2AE

Tel: 01909 500575
Visit 2 Shires Credit Union
Area covered: Bolsover with local opening times in Bolsover, Creswell, Clowne, Shirebrook and South Normanton (telephone for details)

Manchester Credit Union

Suites 17 and 18
First Floor
Building No. 2
Universal Square
Devonshire Street
M12 6JH

Tel: 0161 231 5222
Visit  Manchester Credit Union
Area covered: High Peak. There are local contact points in Gamesley, Fairfield in Buxton and Glossop.