Lone parent Eula - credit union flexi-loan helps with cost of water bill and Christmas

Lone parent Eula contacted a credit union after receiving a letter regarding its lending service, as she had problems meeting a large bill for water rates and was receiving threatening letters from the water company.

At the time she did not have any savings, could not afford to pay the £200 - and was threatened with further court costs.

As a lone parent and in receipt of Income Support, Eula was also concerned about the cost of Christmas for her family, and was worried that sinking into debt was unavoidable.

After joining the Credit Union and setting up the first savings account she had ever had, Eula took out a £400 flexi-loan.

A cheque for £200 was sent directly to the water company, saving additional court costs, and she put the rest towards the cost of Christmas.

Eula arranged for her Income Support to be paid directly to the credit union, and she is repaying her loan at £20 a month.

Supplied by Lewisham Plus Credit Union Limited
www.lewishampluscu.co.uk