You don't need to go to a high-cost lender, loan shark or illegal money lender to get a loan - there are other alternatives and many agencies in Leeds that can help with money advice and low cost loans.
Loans and Saving with Leeds Credit UnionExternal link is a financial cooperative that gives its members access to affordable loans, savings accounts, current accounts and payment cards, Christmas Club and budgeting advice. You can call them on 0113 242 3343.The Credit Union is a trusted, local source of financial information, help and advice. Offering competitive rates on the loans, and repayment packages based over a period you can afford, interest is calculated on a daily basis, and therefore will reduce as the loan reduces.
The Money Advice ServiceExternal link offers clear, unbiased, money advice and can be accessed by the telephone or online. The website provides interactive tools and information on a range of issues such as budgeting and savings, credit and borrowing, mortgages, insurance, debt and retirement planning, as well as managing life changes such as starting a family or losing a job. You can call them on 0300 500 5000.
A budgeting loan is an interest free loan. It is for people who have been on either Income Support, income-based Jobseeker’s Allowance, Employment and Support Allowance (income-related), Pension Credit or payment on account of one of these benefits, for at least 26 weeks. Call the DWP on 0845 6088590 to find out if you qualify for help.
To report a loan sharkExternal link or illegal money lender you can call 0300 555 2222 or text the lenders details to 07860 022 116 or email firstname.lastname@example.org.
Useful support numbers
Jobcentre Plus: 0845 6060 234
Pension Service: 08456 060 265