24pete, Author at Northern Community Bank

Why Our Low Rate Loans Offer the Best Option

February 22, 2019 11:00 am Leave a Comment

No matter how hard you work to save money on a day to day basis, there can be occasions when you simply don’t have the funds available to finance the purchases you need to make. This is particularly true during an era in which wages have been growing slower than inflation for several years and we understand how difficult our account holders can find it to set aside the money they need. That’s why we’re more than happy to provide the kind of low rate loans they won’t be able to find anywhere else.

When you need to borrow money to make a purchase such as new item of furniture, a new car or even a holiday, there are numerous lenders to which you can turn. The bad news, however, is that many of these lenders charge high interest rates designed to maximise their profits. The low rate loans offered by Northern Community Bank, on the other hand, reflect that fact that we are an ethical lender working on a not for profit basis. Because we don’t have to bring in profits to fuel dividend payments or bonuses for our executives, we can concentrate on keeping the interest on our low rate loans as low as possible. This is particularly true when our loans are compared to those offered by payday lenders and ‘rent to own’ high street stores. Any money we do bring in is put back into our local community to make life better for everyone who lives there and our low rate loans have a big part to play in this.

When you apply for one of our low rate loans you’ll be dealt with by a member of our team rather than a distant call centre. We always work to set up a repayment plan that we believe you can afford, and to lend an amount of money which you’ll comfortably be able to pay back. We know that people all too often borrow from one lender to fund a particular purchase and then find themselves having to borrow from another in order to meet the high interest repayments. Thanks to the transparency of the way we lend money, this is something which our low rate loans aren’t likely to cause.

Our ethical stance means that the interest we advertise for our low rate loans is offered to every one of our borrowers, rather than being a special headline rate which only applies to a few. In addition to this, we guarantee that our low rate loans come without any hidden fees or extra charges buried in the small print. We’ll work with you in a clear and transparent manner and come to an agreement which will give you the peace of mind of knowing you can afford the purchases you need when you need to make them.

Once you’ve given us all the information we need, we try to reach a decision on our low rate loans within two working days and sometimes on the very next day. As soon as a loan has been approved the money will be transferred to your account, giving you the spending power you need to seek out the very best prices.

Our Low Interest Personal Loans Offer an Ethical Alternative

February 7, 2019 10:00 am Leave a Comment

Here at Northern Community Bank we understand the kind of financial pressures that many of our account holders face. From buying school uniforms to replacing kitchen appliances and paying for car repairs, the average family can find themselves in situations where they need to borrow and spread the repayments over an affordable period of time. The good news is that our low interest personal loans make this kind of borrowing more affordable than it’s ever been.

The low interest personal loans offered by Northern Community Bank provide an ethical alternative to the likes of payday lenders and that’s because we’re run on a not for profit basis. When we’re setting our interest rates, we don’t have to think about bringing in enough cash to fund lavish bonuses for executives or generous dividend payments for shareholders. Instead we can offer low interest personal loans designed to help our account holders fund the purchases they need to make without suffering the stress of expensive interest rates and sky-high repayments.

The other advantage of borrowing from an ethical lender like Northern Community Bank is that our low interest personal loans are provided in a completely transparent manner. This means that the interest rate we advertise is the interest rate we charge for every single borrower, unlike many lenders who flag up a headline rate which actually only applies to very few borrowers. In addition to this we can guarantee that our low interest personal loans come without any hidden fees or extra charges buried in the small print. In simple terms, what you see is that you get and we work with every single account holder to make sure that the repayment plan we set up is one which they will be able to afford.

When you apply for one of our low interest personal loans you will be dealt with by an individual member of our team, rather than having to deal with some distant call centre. We’ll never lend you more than we think you can afford to pay back and once you’ve provided all of the information we need, we’ll try to reach a decision as quickly as possible. This usually means within two working days and if possible, we’ll even let you know by the very next day.

Once a loan has been approved the money will be transferred into your account immediately, giving you the freedom to spend it as you wish. We know that our account holders appreciate the flexibility offered by our low interest personal loans and the fact that having the cash to hand means that they can shop around for the best possible deal, whether they’re booking a holiday or replacing a fridge freezer. More than anything else, our loans offer the peace of mind of knowing that you can afford the amount of money you have to spend, without suffering sleepless nights worrying about paying your loan back. We’re an ethical lender and we think that’s the least our account holders deserve.

Our Low Income Loans are an Affordable Alternative

January 24, 2019 12:46 pm Leave a Comment

It’s a sad fact of life that many working people find it hard to get by financially. Wages which have been kept low through years of austerity, combined with inflation, can make it difficult even for people with more than one job to find the money for everything they need. The low income loans provided by Northern Community Bank mean that being paid a low wage doesn’t have to mean that you and your family have to go without.

Many years ago, it was assumed that only unemployed people were genuinely short of money. The rise of insecure, ‘gig economy’ jobs, however, combined with low wages across many parts of the public sector, mean that being in work is no longer a guarantee of having enough money to get by. This can lead to hardship, mental health problems and social exclusion, for both the employees themselves and their families. Our low income loans are intended to stop that happening.

If you’re earning a low income there’s a chance you might have a less than perfect credit history, something which can actually be caused simply because you’ve never felt able to take out a loan or make use of credit. All too often this means that the only low income loans available are those offered by doorstep or pay day lenders. These are loans which are provided with extremely high interest rates, and often also come with hidden fees or payments. We don’t see why someone earning a low income should be punished in this manner, so we offer low income loans in a fair and ethical way.

We can do this because we’re a not for profit organisation. We’re owned by our account holders, so any money we do make is used to improve the services we provide or boost the local economy. This means that we can keep our interest rates as low as possible, and offer low income loans with affordable repayment plans. It also means we don’t include any hidden fees or charges, and the interest rates we advertise are offered to all account holders, no matter how low their income is.

We know our account holders on a one to one basis so we understand why they might need to borrow money and exactly how they can afford to pay it back. We won’t set up a payment plan if we don’t think you can meet it, and we try to deal with every application as quickly as possible. Once you’ve provided the information we need, we’ll make a decision within 24 working hours, or even the very next day of possible. If we approve the loan, the money will be paid straight into your bank account, leaving you free to spend it however you want to.

Our low income loans are designed to help people make their way out of the debt spiral of high interest loans with repayments that leave them needing to have to borrow more. We believe that people on low incomes deserve financial help just as much, if not more, than anyone else, and we work to make sure they get it. If you would like to speak to a member of our friendly team, contact us today, or simply apply online.

Enjoy Affordable Weekly Payments With Our White Goods Loans

January 7, 2019 3:25 pm Leave a Comment

Now that Christmas is out of the way you may be thinking of spending money on other things. Christmas itself costs so much that it can be impossible to even think about making any other large spending commitments until it’s all over. The chances are, however, that buying food, drink and gifts used up most of your available funds. The good news is that if you’d like to invest in a new piece of kitchen equipment, then Northern Community Bank is the place to come to for an affordable white goods loans.

There are many reasons why you might need to replace one or more of your larger kitchen appliances. Something like a fridge or cooker might simply be looking old and tired, letting down the appearance of the rest of your kitchen. Alternatively, an older washing machine or dishwasher could be developing faults such as small leaks, or be much more expensive to run than a modern replacement. No matter why you need to buy white goods, finding the money to purchase the model you need can be extremely difficult, unless you come to Northern Community Bank for one of our white goods loans.

You may have looked into the option of borrowing money from a doorstep or payday lender to pay for your white goods, or taking up one of schemes offering credit from certain high street stores. The difficulty with white goods loans of this kind is the amount of interest they involve. Payday and door step lenders charge extremely high rates, while the stores which offer credit start by charging high prices for the items, and then include interest rates which result in the final price you pay being higher still.

At Northern Community Bank we’re happy to provide white goods loans that are simple, convenient and affordable. Shop around for your fridge, cooker or washing machine and once your happy with the price, apply for a loan with Northern Community Bank to cover these costs. We’ll approve it if we think you can afford the payments without financial hardship and you can go on an purchase these items once the money is within your account.

We’re happy to provide white goods loans in this way because we feel our account holders should be able to buy the furniture they need at affordable prices. Because we’re an ethical lender we don’t need to make a large profit from account holders, so we can keep our interest rates as low as possible. For an affordable weekly payment, you could buy the furniture you need and banish those post-Christmas blues.

Ask about Christmas Money Loans at our new branch

December 17, 2018 2:28 pm Leave a Comment

Here at Northern Community Bank we take great pride in providing Christmas money loans that enable our account holders to relax and enjoy the festive season without worrying about how they’re going to pay for everything. We understand how difficult it can be to budget for every demand that the average family Christmas throws at you, and that the cost of food, drink and gifts alone can soon mount up. Even if you manage to put something aside throughout the year, the chances are that it won’t be enough to cover everything, and if an emergency with a car or household appliance occurs, anything you do manage to save could be wiped out in one go.

Our Christmas money loans are an ethical alternative to payday lenders, bank overdrafts and expensive credit agreements. We don’t have to make a profit for shareholders on the money we lend, and that means that we can keep interest rates as low as possible. We also take the time to get to know our account holders, and so we only ever lend money which we know believe they can afford to pay back, setting up a repayment plan they’ll be able to meet.

Unlike many lenders, we offer the same interest rate to every single borrower, and our Christmas money loans come without any strings attached or extra fees and charges hidden in the small print. If you come to us for one of our Christmas money loans we’ll give you a speedy answer – usually within two working days, provided we have the information needed – and then transfer the loan for you to spend having the kind of relaxing, fun-filled Christmas you deserve.

A clear sign of our commitment to the local area and its people came with the opening, this November, of our new Burnley branch. When Councillor Charlie Briggs, the Mayor of Burnley cut the ribbon on our new branch, he was opening an asset which will serve all of the people of Burnley and beyond. Located at 48 St James Street, Burnley, the new branch offers saving and borrowing facilities on the high street 5 days a week, and is a concrete reminder of the fact that we are always here to help our account holders with things like Christmas money loans.

Inside the branch itself, you’ll find cashiers desks for depositing and withdrawing money and a private interview room for discussing issues such as taking out a loan. If you’d like to know more about our Christmas money loans or any of the other services we offer, please feel free to drop by for a chat.

Visit Your Local Credit Union This Christmas

December 7, 2018 2:20 pm Leave a Comment

If you live in Burnley or the surrounding areas then Northern Community Bank is your local community bank. As our account holders already know, this means that we enable them to save and we also lend money in an ethical, not for profit manner. As a local community bank we like to play a part in improving the local community and the lives of the people living in it. That means that any money we do make is put back in the community, either through our loans, our savings.

Being an ethical lender means that we can offer loans at the lowest possible interest rate. It also means that we offer the exact same rate to all of our account holders, unlike some lenders who advertise an appealing headline rate but then only make this available to a limited number of borrowers. Another bonus of dealing with a local credit union like Northern Community Bank is the no nonsense way in which we work. Our loans come without any hidden fees or extra charges, and we’ll only ever lend an amount which we believe you can comfortably afford to pay back. We’ll reach a decision on every application as quickly as possible and, if the loan is approved, the money you need will be transferred straight to your account.

One more aspect of being a local community bank is that we like to get involved in special times of the year like Christmas. As well as lending the money you might need to enjoy Christmas, we like to point our account holders in the direction of some of the fantastic things happening in the local community this Christmas. So far we’ve spotted the following:

Take the kids along to the magical Christmas Grotto at Charter Walk Shopping Centre in the heart of Burnley. As well as the chance to explore a stunning winter wonderland they’ll also get to meet Father Christmas and receive a personal gift.
In Burnley as a whole the shops will be staying open for late night shopping every Thursday in December, so if you’re worrying about how to fit Christmas gift buying around a busy working life, this could be your answer.
Feeling energetic this Christmas? Why not take part in the Burnley Christmas Cracker, a 2 and 4 mile road race which takes place on Christmas Eve itself. The race is over a specially chosen course of closed off roads, and it finishes and ends in the leafy surroundings of Towneley Park. Entrants have the option of wearing a free Santa hat as they run as well as receiving a Christmas chocolate medal. Because it’s the season of goodwill, the organisers will also be donating items to the food bank operated by Spacious Place Engage on behalf of everyone who enters.

Those are just a few of the exciting things happening in and around Burnley this Christmas. If you’re worrying about how you can afford to pay for all the fun then please get in touch with us to enquire about an affordable, low interest Christmas loan. As a local credit union we want to spread as much good cheer as possible.

Northern Community Bank invited to major US conference in Florida

December 5, 2018 4:37 pm Leave a Comment

Northern Community Bank was recently invited to attend a conference held in Florida which welcomed the largest collection of community development credit unions in the United States of America.

The trip was made possible by sponsorship from CitiBank, who fund a partnership between Northern Community Bank’s trade association ABCUL and Inclusiv who represent the community development credit unions in the US.

After presenting at ABCUL’s Manchester conference in March, David, Northern Community Bank’s marketing and development officer, was invited to the US conference to participate in a session explaining how Northern Community Bank had used digital technology and social media platforms to communicate with the community about the ethical savings and affordable loans we provide, whilst keeping existing account holders updated with the progress that Northern Community Bank is making.

David was part of a delegation that included Kieran Hughes of Enterprise Credit Union, Dr Robbie Mochrie of First Scottish University Credit Union, Olivia Sharman of Transave Credit Union and Matt Bland from ABCUL who co-ordinated the trip

It was another great experience to attend the conference and it was a privilege to present to our American colleagues giving a perspective of the UK credit union sector.

Matt Bland

“The conference included a number of session which introduced initiatives which had benefited credit union account holders and the wider communities in the US”

“One of the key messages we heard was regarding inclusion. Over the past 36 years Northern Community Bank has strived to make our savings and loan accounts available to the whole community. The conference highlighted how important the work we do is, especially for people who are underserved by high street financial organisation such as the banks. By offering safe savings accounts and access to affordable loans we aim to improve peoples’ financial capability, helping them to manage their money and build up a history of good money management.”

David

“The visitors from the UK joined delegates from the Puerto Rican credit union and co-operative movement to visit Florida based credit unions of different sizes. Manatee Community Federal Credit Union, GTE Financial and Suncoast Credit Union, where all three served similar communities to Burnley and Pendle.”

David described how impressed he was with the inspiring experience

“Although all three credit unions dwarfed Northern Community Bank in financial terms, some holding assets approaching $10billion dollars in comparison to Northern Community Bank’s modest £6 million, the commitment to serve their communities was exactly the same as the UK credit unions. The branches were placed in the community, like Northern Community Bank’s newest St James’s Street branch in Burnley, advanced technology in branch allowed account holders the choice of interacting with members of staff, using unmanned Interactive Teller Machines (ITM) or to complete transaction from the comfort of their car in a drive-thru.”

Pablo DeFilippi, Senior Vice President of Membership & Network Engagement at Inclusiv, spent a lot of time with the UK delegates and agreed that sharing knowledge with the UK credit union was important as we both faced similar challenges

“It’s been great to continue our partnership with ABCUL and the UK credit union sector. We hope to be able to build on this partnership in the coming years to the benefit of underserved people in both the UK & US. We look forward to continue these exchanges that are so valuable for our respective movements.”

The UK credit union movement is fortunate to have the support of the Citi Foundation, who support many credit union initiatives, including the CU Futures programme, in which two members of staff from Northern Community Bank have successfully completed. Matt Bland, Head of Policy & Communications at ABCUL, thanked Citi and outlined the importance of their support.

“The biggest benefit of our ongoing partnership with Inclusiv is building great connections with and learning from our colleagues across the Atlantic. As always we are hugely grateful to Citi for the generous support that allows this knowledge exchange to happen.”

When David returned he explained how inspiring the experience had been

“To see the scale of the American credit union, who provide very similar services to Northern Community Bank, made all of us visiting UK credit union delegates motivated to continue to grow and replicate the amazing US movement. I believe the partnerships formed between the US and UK credit unions will be beneficial for our progress.”

The Ethical Alternative to Christmas Payday Loans

November 27, 2018 12:00 pm Leave a Comment

The financial demands of Christmas can often lead to people having to borrow money to get by. In a perfect world, it would be possible to save throughout the year to pay for Christmas, or to have sufficient funds set aside to begin with, but we understand that real life often isn’t like that. Our account holders are ordinary people getting by during a period of low wage growth and rising inflation, and for that reason many of them might be tempted to turn to Christmas payday loans to make ends meet.

The temptation of Christmas payday loans is easy to see. They offer what seems like a quick solution to the problem of overstretched resources, and provide precious breathing space for people who are under a great deal of stress. The downside of Christmas payday loans, however, is that they often come with extremely high interest rates. This means that repayments can be difficult to meet, and borrowers can find themselves having to take out more loans to tide them over. Before they know it, people can find themselves trapped in a spiral of debt and ever higher repayments. Christmas payday loans may seem like a good idea at the time, but they often come at a great long term price.

The alternative to Christmas payday loans is to borrow money from Northern Community Bank. We’re a community bank, which means that we lend money in an ethical manner, tailoring our loans and the repayments to meet the financial circumstances of our account holders. We’re run on a not for profit basis, so we don’t have to generate income to pay shareholder dividends or executive bonuses.

The main advantage of this to our account holders is that we offer loans at the lowest possible rate of interest. Unlike many lenders, we’re not interested in making money out of borrowers, but in providing a service. That means that the rate you see advertised will be the rate which we apply to every single loan, and it also means that you don’t have to worry about the small print in your loan agreement. We don’t believe in extra charges or hidden fees and penalties, because we work in a completely transparent manner.

Once you’ve made your application for a loan we’ll deal with it as quickly as possible. As long as you’ve given us all of the information we ask for, we’ll be able to approve a loan and make the payment within 48 hours. Rather than dealing with some faceless business or a distant call centre, you’ll be dealing one to one with a member of our team. While Christmas payday loans seem to offer an easy solution to budgeting, borrowing from Northern Community Bank is the stress free and affordable alternative. We’ll enable you to buy the extra treats that help to make Christmas special, without having to spend the start of the next year worrying about how you’re going to pay for it.

We believe our account holders have the right to relax and enjoy Christmas without having to run the risk of applying for Christmas payday loans. We’ll lend you the money you need, with repayments that you can afford, and we’ll make sure it all happens as quickly as possible.

We are the Christmas Loans Community Bank

November 16, 2018 2:00 am Leave a Comment

We are the Christmas Loans Community Bank

We understand just how difficult it can be for our account holders to budget for Christmas, particularly if they have to get by with a relatively limited income throughout the rest of the year. In the best possible scenario, it would be easy to save for Christmas throughout the rest of the year, but we understand that the demands of real life often make this very difficult. That’s why we’re happy to act as the Christmas loans community bank, providing affordable, ethical loans to our account holders.

The costs of the average Christmas come in all shapes and sizes. From buying the gifts which children and other loved ones want, to stocking up on delicious food and drink and perhaps even dealing with the job of putting up family members from other parts of the country, it’s a time of the year which places unusual demands upon the average family budget. Many people feel the need to borrow money to cope with this demand, and the good news for our account holders is that we’re the Christmas loans community bank.

We can honestly claim to be the Christmas loans community bank because of the way we lend money. We’re run on a not for profit basis, and this means that we don’t have to generate dividends for external shareholders or the money to pay lavish bonuses to members of the board. Instead, we can put any money we do make back into our local community and into keeping the interest rates we offer as low as possible.

This is the key to our position as Christmas loans community bank. We keep our interest rates as low as possible – much lower than those you’ll find at payday lenders, whilst competitive with the high street banks – and we offer the same rates to all of our account holders. Many lenders advertise an impressive headline rate and then only offer that to a few people, but we provide the same rate to everyone who borrows from us. In addition to this, our loans come without any hidden fees or charges, so you know exactly what you’re going to be paying at every step of the process.

Unlike some faceless big business or a distant call centre, we deal with all loan applications on a personal basis, and we’ll only ever lend an amount which we’re happy you’ll be able to pay back. We’ll keep the repayments affordable and we’ll deal with your application as quickly as possible. We try to reach a decision within two working days once all the information we need has been provided, and in some cases we may even be able to give you an answer the very next day.

Once we’ve approved a loan, the money will be transferred into your account. We’re the Christmas loans community bank because we enable our account holders to enjoy a happy and relaxed Christmas season without having to worry about how they’re going to pay the bills when January comes around. We believe that our account holders have as much right as anyone else to enjoy this magical time of year, and we provide the affordable, ethical loans that can make this happen.

Our Online Christmas Loans Offer a Stress Free Solution

October 23, 2018 9:16 am Leave a Comment

We like to make life as easy as we can for our account holders. That means working as a not for profit organisation, lending money at affordable rates to people who might find it difficult to borrow elsewhere. It also means using any money we do make to improve our local community, and also to offer a service that’s constantly being improved. One example of this improvement is our user friendly website, and the fact that account holders can go there to apply for online Christmas loans.

We understand how difficult it can be to budget for Christmas. Even if you manage to put some money aside throughout the year – something which is very difficult, particularly if you have other family expenses – you might need to borrow a little bit more. After all, as well as buying gifts for friends and family you’ll probably want to treat yourself to extra food and drink, and many people choose this time of the year to give their home something of a makeover.

With all of that to pay for, funding Christmas can be extremely stressful, and that’s why our online Christmas loans are so important to our account holders. As ethical lenders, we make sure that the interest rates we charge as kept as low as possible. On top of this, we’re completely transparent when it comes to any other charges. In simple terms, there aren’t any other charges. We don’t hide fees in the small print, or charge extra for setting up a loan, and the interest rate which we advertise is the rate we charge for every single account holder.

We also make it as easy as possible to apply for our online Christmas loans. Although we do run credit checks we also base our decision on your savings history with Northern Community Bank, and on what we think you can afford to repay. We don’t see why people should continue to suffer because they might have mismanaged their finances many years ago, and so we help our members to access the kind of loans they need to improve their lives.

Once you’ve provided all of the information we ask for, we’ll make a decision as quickly as possible. Our online Christmas loans aren’t processed by some distant computer or faceless call centre, but by a member of our team with your best interests at heart, so we try to turn every application around within two working days. If at all possible, we’ll come to a decision by the very next day, and as soon as a loan has been approved, the funds will be transferred into your account.

We know how special Christmas is to our account holders, but also how difficult it can be to pull together the money it calls for. Our online Christmas loans are a quick and simple solution, providing the money you need to enjoy a magical Christmas and peace of mind in the New Year.

Our Guaranteed Christmas Loans Can Help

September 13, 2018 11:26 am Leave a Comment

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 Northern Community Bank 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.

It’s Not Too Soon to Think about Our Christmas Loans for Bad Credit

September 10, 2018 12:55 pm Leave a Comment

It may seem like jumping the gun since the kids have just gone back to school, but there’s really no getting away from the fact that Christmas isn’t that far away. For many people, the financial burden of Christmas is something which starts to be felt many months before, with gifts being bought in advance and money put to one side. Here at Northern Community Bank we understand that those on lower incomes find Christmas more difficult to deal with than most, and that’s why we’re happy to offer Christmas loans for bad credit.

If you’re already struggling to make ends meet then the burden of Christmas, with its tradition of extra food and drink and gifts for one and all, can be especially difficult. We understand this, and we feel it’s only right that our account holders should have as much of a chance of enjoying Christmas as anybody else. That’s why our Christmas loans for bad credit are offered on the basis of what we think you can afford to borrow now, rather than what might have happened in the past.

On many occasions, a bad credit rating may have been caused by borrowing from a source such as a payday lender and then falling behind with the high interest repayments. For some people, it might even be caused by the fact that they haven’t borrowed money very often in the past. That’s why we offer Christmas loans for bad credit to our account holders, dealing with each application on its merits and only setting up a repayment plan which we’re confident you’ll be able to meet.

When you apply for a loan from Northern Community Bank you’ll be dealing with an individual rather than some remote call centre, and, even more importantly, you’ll be borrowing from an ethical lender. Being an ethical lender means that we don’t lend money to make a profit or pay out dividends to our shareholders. We’re a not for profit organisation and any money we do generate is used to improve the community around us.

The fact that we don’t have to pull in a profit means that we can offer loans at extremely reasonable rates of interest. It also means that the best rates we offer are the only rates we offer, available to every single borrower, and our loans arrangements don’t feature any small print, added fees or extra charges. Once you’ve made an application for a loan and provided all of the information required, we’ll do our best to give you an answer within two working days and even sooner if possible. If we decide to lend the money then it will be paid into your bank account instantly by direct transfer.

If you’d like to be able to pay for Christmas in a manner which won’t leave you worrying about clearing your debts or having to borrow more in the New Year, then get in touch to ask us about our Christmas loans for bad credit. We like to think that the season of goodwill includes helping to make sure that all Northern Community Bank account members get to enjoy the kind of Christmas they and their families deserve.

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