They may not have started playing carols in the supermarkets yet, but the truth of the matter is that Christmas is now not that far away. This is especially true if you happen to be getting by on an average or below average income. Putting money aside for all the extras you want to buy at Christmas – particularly if you’ve got children – is easier said than done, and that’s why so many of the account holders at PCCU are happy to be able to turn to our guaranteed Christmas loans.
When we say guaranteed Christmas loans, of course, we don’t mean that they are guaranteed in absolutely 100% of cases. What we do mean by guaranteed Christmas loans is that, as a credit union, we’re far more likely than many institutions to lend money to those with a less than perfect credit score. That’s because our approval process is based on more than simply the credit score you’ve been given by some remote and faceless organisation.
We treat every one of our account holders as an individual. When you apply for a loan with us, our decision will be based on your saving record with us and with our opinion of the amount of money which you can actually afford to pay back. As a not for profit organisation we’re able to offer much lower interest rates than you’re likely to find anywhere else. On top of this, our loans come without small print, hidden fees or extra charges. We’ll deal with you in a completely open, honest and transparent manner and, if we genuinely feel you could afford to pay back one of our guaranteed Christmas loans then we’ll make it happen for you.
It may be a question of wanting to buy your children some of the gifts they want without having to pay the very high interest rates often charged by catalogues or high street shops. Perhaps you just need a bit more money to pay for extra food and drink, or would like to buy some new furniture over the Christmas break. No matter why you need the money, once you’ve provided us with all the information we need to process your loan application, we’ll try to give you an answer as quickly as possible. In most cases this means being able to say yes or no within two working days and, if the answers yes, the money will be transferred to your account straight away, leaving you free to spend it however you wish.
As an ethical lender we try to give our guaranteed Christmas loans to as many applicants as possible. We believe that people with a lower than average income or minimal disposable income have got just as much right to enjoy Christmas as anyone else, without worrying about paying for it or going into stressful debt well into the new year.