Have you ever struggled getting ‘Christmas loans on benefits’? Northern Community Bank could have the answer you’re looking for.
According to the Bank of England the average household spends more than £700 in December compared to other months.
And why shouldn’t we?
Christmas is – look away Grinches – undoubtedly the most magical time of the year.
Mountains of presents, time spent with family and friends, chocolate morning, noon and night.
What’s not to love?
Well, forking out that extra £700 can certainly pile on the festive pressure; especially for the millions of people across the UK claiming benefits. With inflation heading in only one direction at the minute, this winter could be one of the toughest on record.
Northern Community Bank’s ‘Christmas loans on benefits‘ are here to help relieve some of that pressure so you and your family can still enjoy a Christmas to remember.
How do Northern Community Bank’s Christmas loans on benefits work?
With Christmas just around the corner and letters to Santa already being penned – the temptation to meet costs by taking out a loan through a payday loan company, credit card or doorstep lender is very real.
Before you hitch your sleigh to that idea, why not take a look at what we offer here at Northern Community Bank.
The problem with payday lenders, and the like, is the long-term financial damage their loans can cause with hefty interest rates and well-hidden fees.
An affordable loan from Northern Community Bank will help to cover the cost of Christmas in return for regular repayments. These are tailored to an applicant’s financial circumstances and spread across the year.
It’s not just about affordability either, but accessibility, too.
People searching for ‘Christmas loans on benefits’ will often go down the high interest, payday lender route because they believe it’s the only option.
Northern Community Bank loans don’t single out people based on background, job status or credit history. Our assessments are carried out by real people. They are based on affordability, not the type of income you’re in receipt of. Once a decision has been made (this usually takes no longer than 24 working hours), a BACS payment can be made that same day.
For added convenience, loan repayments can also be made in a number of ways, whether that be by standing order or a direct benefit payment, such as Child Benefit, Universal Credit or Tax Credits.
What about next Christmas?
Northern Community Bank is far more than just a lender. We believe in giving back to the community. We believe in helping those who need it most and being there for our account holders.
One of the ways we do that is through our different saving accounts. The Northern Community Bank Christmas Club is designed to help people who want to save up for the festive period but find themselves dipping into these savings for whatever reason.
Our Christmas Club account is different in that once you make a deposit, withdrawals are off limits until November & December.
You can join at any point of the year, there’s no account fees or annual charge. The money, unlike with some other saving schemes, is available to spend wherever you like.
Hopefully, this helps to remove some of that festive stress. And if not, remember, Northern Community Bank is only a phone call away.
