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A Credit Union was started in Dover some time ago, but didn't take off and I believe the nearest one is now Canterbury. We should be promoting these instead of Wonga etc.
The interest rate at C/U is around 2% per month, so although not everso cheap, they are when compared to the pay-day loan sharks/companies.
Credit Unions need people/bodies/councils to put money into them (I'm not sure what interest they get), they should certainly be supported more.
Roger
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