If you are unable to make repayments to your HCCU loan please let us know. There are a range of options available including refinancing, payment holidays, shares to loans. Please do not just stop repayments as this will affect your credit file.
What should I do if I am worried about debt?
If you’re struggling financially, you may want to talk to someone independent. StepChange Debt Charity provides free, impartial debt advice and solutions to anyone struggling with their debts.
StepChange can take a look at your full financial situation and recommend the best way forward from the many different solutions available. They help thousands of people every week and their service Is available to everyone, however big or small their debt problem.
For expert tailored debt advice, use their online advice tool at www.stepchange.org or call their helpline on freephone 0800 138 1111 Monday to Friday 8am to 8pm, Saturday 8am to 4pm.
Citizens Advice Scotland
The Citizens Advice Service is made up of a network of independent charities which offer free advice online, over the phone or in person. They helped over a million people through face to face sessions last year alone, and offer clear, unbiased advice on issues such as money management and debt.
Telephone on 0808 800 0006 or visit their website on www.cas.org.uk.
National Debtline offers free, indpendent and confidential advice to people in debt, by phone and online. Last year National Debtline helped more than 285,000 people tackle their debts and manage their money wisely.
Visit their website on nationaldebtline.org or telephone 0808 808 4000 Monday to Friday, 9am to 8pm and Saturday 9.30am to 1pm.
Business Debtline is the UK’s only free debt advice service for the self-employed and small businesses. Last year Business Debtline helped more than 40,000 businesses to tackle their debts, by phone and online.
Visit their website on businessdebtline.org or telephone 0800 197 6026 Monday to Friday 9am to 8pm.
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What are credit unions?
A credit union is a not-for-profit financial cooperative set up and controlled by members with something in common to benefit their community. Credit unions work by members saving into a common fund. That fund is then used to give low-in…
Terms and Jargon Glossary
APR Annual percentage rate of charge – this shows the overall cost of a loan, taking into account the term, interest rate and other associated costs. Basic bank account Allows you to receive money and pay bills. Opening one can be a …
Struggling with debt?
What should I do if I am worried about debt? If you’re struggling financially, you may want to talk to someone independent. StepChange Debt Charity provides free, impartial debt advice and solutions to anyone struggling with their debts.…
Credit Unions and other financial institutions
As a credit union we encourage all our members to use a variety of financial institutions in order to get the most from their finances. However, at times it can be difficult to distinguish the differences between them, therefore we have cre…