Pages in Money Support service
- 1. Money Support service
- 2. How to budget and save money
- 3. You are here: Borrowing money
3. Borrowing money
If you need to borrow money, it is best to avoid payday loans, doorstep lenders and loan sharks, which will cost you a lot of money.
If you have borrowed from a loan shark or are worried about someone else, Stop Loan Sharks can help and keep you safe. Stop Loan Sharks investigates and prosecutes illegal money lenders and provides support for borrowers in the UK.
Loans from credit unions are much cheaper, safe and easy to access, and there are no hidden charges or penalties. Our local credit union is Boom.
Boom Community Bank is like a high street bank in that it lends to borrowers, looks after money for savers and provides current accounts; however, it does not operate to make a profit. Boom’s purpose is to help its customers build financial resilience by providing accessible financial services with an emphasis on regular savings, even for those who borrow. Boom Community Bank pledges fair, transparent loan pricing and is committed to responsible lending principles. Visit Boom’s website for more information on loans, savings, and current accounts.
- Email: firstname.lastname@example.org
- Website: www.boomcb.org.uk
- Telephone: 01903 237221